The market has been high on Socket Mobile, Inc. (SCKT) stock recently. SCKT gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 higher by 20.43% while the S&P 500 has fallen -0.48% as of 11:04 AM on Wednesday, Nov 18. SCKT is higher by $0.48 from the previous closing price of $2.35 on volume of 16,860,501 shares. Over the past year the S&P 500 has gained 20.49% while SCKT is higher by 26.34%. SCKT lost -$0.80 per share in the over the last 12 months.
To see the top 5 stocks in the Computer Hardware industry 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 Score Report on Socket Mobile, Inc. (SCKT) Stock.
