Many penny stocks seem promising in the future rise and dividend payment. Just like Amazon 23 years ago was very penny and looked not potential as the dotcom crisis destroyed e-commerce within several months.
Although Socket Mobile (NASDAQ: SCKT) has positive EPS and pays even dividends sometimes, its stock doesn’t grow significantly due to a lack of speculative news that encourages investors to watch or consider buying the particular stock.
Launching DuraSled product XCoverPro could actually push the stock with a seriously positive change around 70%. Announcing quarterly based financial results also helps increase the value of the stock. Today SCKT soars on 99 million shares while average volume is 86,341 shares.