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SCKT
Stock ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$2.97
Change
-$0.00 (-0.00%)
Capitalization
21.53M

SCKT Socket Mobile Forecast, Technical & Fundamental Analysis

a provider of mobile handheld computers and data collection products serving the business mobility markets
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

SCKT's Stochastic Oscillator entering overbought zone

The Stochastic Oscillator for SCKT moved into overbought territory on August 05, 2022. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

SCKT moved below its 50-day moving average on July 19, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SCKT crossed bearishly below the 50-day moving average on July 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SCKT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SCKT entered a downward trend on July 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on August 04, 2022. You may want to consider a long position or call options on SCKT as a result. In of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SCKT just turned positive on August 04, 2022. Looking at past instances where SCKT's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SCKT advanced for three days, in of 205 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.047) is normal, around the industry mean (6.767). P/E Ratio (13.587) is within average values for comparable stocks, (30.472). SCKT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.234). SCKT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (1.022) is also within normal values, averaging (70.950).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SCKT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SCKT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

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SCKT
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published Earnings

SCKT is expected to report earnings to rise 900.00% to 10 cents per share on October 27

Socket Mobile SCKT Stock Earnings Reports
Q3'22
Est.
$0.10
Q2'22
Missed
by $0.07
Q1'22
Missed
by $0.01
Q4'21
Beat
by $0.04
Q3'21
Beat
by $0.01
The last earnings report on July 28 showed earnings per share of 0 cents, missing the estimate of 7 cents. With 17.02K shares outstanding, the current market capitalization sits at 21.53M.
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A.I. Advisor
published General Information

General Information

a provider of mobile handheld computers and data collection products serving the business mobility markets

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
39700 Eureka Drive
Phone
+1 510 933-3000
Employees
53
Web
https://www.socketmobile.com

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SCKT and

Correlation & Price change

A.I.dvisor indicates that over the last year, SCKT has been loosely correlated with NNDM. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if SCKT jumps, then NNDM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SCKT
1D Price
Change %
SCKT100%
+0.00%
NNDM - SCKT
40%
Loosely correlated
-1.72%
DDD - SCKT
39%
Loosely correlated
+1.94%
SSYS - SCKT
38%
Loosely correlated
-2.24%
UAVS - SCKT
37%
Loosely correlated
+0.27%
PSTG - SCKT
33%
Loosely correlated
+0.37%
More