Jumping Penny Stock To Watch: Socket Mobile

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.