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.
CEO and Editor in Chief.
Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life