Should You Buy Socket Mobile Inc (SCKT) Stock After it Has Risen 15.60% in a Week?

Socket Mobile Inc (SCKT) stock is higher by 15.60% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Socket Mobile Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SCKT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SCKT Stock Today?

Socket Mobile Inc (SCKT) stock is trading at $1.26 as of 1:23 PM on Wednesday, Nov 22, an increase of $0.02, or 1.77% from the previous closing price of $1.24. Volume today is elevated. So far 63,105 shares have traded compared to average volume of 14,147 shares. The stock has traded between $1.25 and $1.36 so far today. To see InvestorsObserver's Sentiment Score for Socket Mobile Inc click here.

More About Socket Mobile Inc

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), enterprise mobility, asset tracking, control systems, logistics, event management, medical and education. Its cordless barcode scanners connect over Bluetooth and work with applications running on smartphones, mobile computers and tablets using various operating systems. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional bar code scanning in standard and durable cases. The company's geographical segments are the United States, Europe, and Asia and the rest of the world, out of which the majority of the revenue is generated from the United States. Click Here to get the full Stock Report for Socket Mobile Inc stock.