STOCKS TELEGRAPH

Tag: NASDAQ: SCKT

  • 3 Stocks on the Radar: Hillcrest Energy Technologies Ltd. (HLRTF), Socket Mobile Inc (SCKT), Silynxcom Ltd (SYNX)

    3 Stocks on the Radar: Hillcrest Energy Technologies Ltd. (HLRTF), Socket Mobile Inc (SCKT), Silynxcom Ltd (SYNX)

    Ongoing shifts in the financial markets are shaping how investors evaluate opportunities among emerging and small-cap stocks. Noticeable movements in share prices and trading activity highlight changing confidence levels across these companies. Observing patterns in volatility, recent performance indicators, and broader market sentiment helps provide a clearer picture of how these firms are responding to evolving market dynamics.

    Hillcrest Energy Technologies Ltd. (HLRTF)

    Hillcrest Energy Technologies Ltd. (HLRTF) is a Vancouver-based clean-tech company developing high-performance Zero Voltage Switching (ZVS) inverter technology. The company’s solutions target electric vehicles, grid storage, and AI data centers, where efficiency and reduced thermal stress are critical. Recent developments include advancing the Grid PCS1000 and EV traction inverter prototypes toward Q2 2026 customer demonstrations, which could serve as key validation milestones for commercial adoption.

    Strategic Implications

    These technology demonstrations will be crucial in showcasing Hillcrest’s capability to deliver scalable, high-efficiency power solutions, enhancing its competitive position in the heavy electrical equipment and EV powertrain markets.

    Market Momentum

    On March 06, HLRTF closed at $0.1281, down 2.81%, with 205,750 shares traded. The stock’s market cap stands at $12.85 million, reflecting continued interest in the company despite short-term market fluctuations.

    Sector Outlook

    As global demand for electrification grows, Hillcrest’s proprietary ZVS platform positions it to capture a share of the expanding multi-billion-dollar markets in EVs, energy storage, and industrial electrification.

    Socket Mobile Inc (SCKT)

    Socket Mobile Inc (NASDAQ: SCKT)‘s stock price has increased by 9.26% compared to its previous closing price of $0.9. However, the company has seen a 9.26% increase in its stock price over the last five trading sessions, with a monthly decline of -13.07% and a quarterly decrease of -22.99%. The volatility ratio for the week is 5.46%, and the volatility levels for the last 30 days are 6.92% for Socket Mobile Inc (SCKT). The simple moving average for the last 20 days is -2.15% for SCKT stock, with a simple moving average of -10.42% for the last 200 days.

    SCKT Trading at -8.85% from the 50-Day Moving Average

    After a stumble in the market that brought SCKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.09% of loss for the given period. Volatility was left at 6.92%; however, over the last 30 days, the volatility rate increased by 5.46%.

    Silynxcom Ltd (SYNX)

    The stock price of Silynxcom Ltd (AMEX: SYNX) has jumped by 57.99% compared to the previous close of $1.0. Despite this, the company has seen a gain of 54.74% in its stock price over the last five trading days, with a monthly rise of 54.90% and a quarterly rise of 81.61%. The volatility ratio for the week is 27.63%, while the volatility levels for the last 30 days are 11.90% for Silynxcom Ltd The simple moving average for the last 20 days is 51.79% for SYNX’s stock, with a simple moving average of 9.33% for the last 200 days.

    SYNX Trading at 48.02% from the 50-Day Moving Average

    After a stumble in the market that brought SYNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with a -65.27% of loss for the given period. Volatility was left at 11.90%; however, over the last 30 days, the volatility rate increased by 27.63%.

  • Top Gaining Stocks as Markets Rally on Hopes of a Stimulus Deal

    The major stock indices are up this morning on news that a stimulus deal could be close. Yesterday, house speaker Nancy Pelosi stated that the negotiators were just about the deal.

    Given that it is the most awaited deal at the moment, this positive news could see the market rally all through the day. In this environment of increased optimism, several stocks are outperforming the market and could trade in positive territory all through the day. Some of the top gainers pre-market are as below:

    Socket Mobile Inc [NASDAQ: SCKT]

    Socket Mobile Inc is one of the top gainers this morning after it released its financial results for the third quarter of 2020. These results are subject to an annual review process in line with goodwill impairment and a part of quarter-end closing procedures.

    The company failed to carry out this review in time as a result of COVID-19 complications and uncertainties. That means that the numbers announced today have no goodwill impairment. Sensitive numbers that might be impacted negatively will have an asterisk to denote that there might be some changes.

    The company will issue the full report once they complete the goodwill review and have it as form 10-Q for the third quarter.

    Marin Software Inc [NASDAQ: MRIN]

    Marin Software Inc. is gaining pre-market and looks set to start the day in the green.  The company recently said that it will announce its financial results for the third quarter ended September 30, 2020, on Thursday, November 5 after the close of the market.

    It further announced that on that same day, it will have a conference call at 2:00 PM Pacific Time and (5:00 PM Eastern Time) to deliberate on the result released.

    This call will be available in the United States of America through dialling the number (877)705-6003 and internationally through the number (201)493-6725. The conference ID 13710848 or access it through a live webcast via the link on the company’s website. There will also be a recorded replay of the same on November 12, 2020.

    CLPS Incorporation [NASDAQ: CLPS]

    CLPS Incorporation is another top performer after announcing its half-year and full-year financial results for the fiscal year 2020.

    The company has recorded significant improvement in both periods as compared to the results of the fiscal year 2019. Revenues and Gross profit increased by 37.2% and 25.1% respectively for the half-year results, and by 37.7% and 31.0% respectively for the full-year results. Other results including the net income attributable to CPLS incorporation’s shareholders and non-GAAP net income also recorded considerable improvement.

    The company’s Chief Executive Officer and Co-Founder Mr. Raymond Lin said that they have been focusing on the health of their employees and that of their families during the COVID-19 pandemic, but are pleased to have recorded stable growth in the two periods. He concluded by saying that the company hopes to continue expanding and grow its business.

     

  • Socket Mobile (NASDAQ: SCKT) Stock Up 158% In Pre-Market. Here’s Why

    Socket Mobile (NASDAQ: SCKT) Stock Up 158% In Pre-Market. Here’s Why

    Shares of Socket Mobile, Inc. (NASDAQ: SCKT) went up 158.90% during the pre-market trading session of Friday. Its trading volume boomed to 16.23 million shares, which is enough to excite its stock ahead of the open. The computer Hardware company has reported that its third-quarter profit more than quadrupled, although the company revealed that the results weren’t complete and dependant on goodwill impairment.

    Socket Mobile has reported a revenue of $4.1 million in the third quarter of 2020, recording a 17% decline in the revenue as compared to the revenue of $5.0 million for the same quarter a year ago. It has shared a Net income* of $424,000*, or $0.07* per share in the third quarter of 2020 as compared to the net income of $94,000 in the third quarter of 2019.

    The company has disclosed that its revenue for the nine months ended September 30, 2020, was $11 million. It has recorded a decline of 24.7 percent in revenue for the third quarter of 2020 as compared to the $14.7 million in the same period a year earlier. SCKT has recorded the net loss for the nine months ended September 3, 2020, was $434,000*.

    Socket Mobile has announced that its auditor did not complete the annual review process related to the goodwill impairment. It has revealed that all the numbers that would be negatively affected by adjustment goodwill are asterisked. The review of goodwill impairment got delay because of uncertainties prevailing due to the ongoing pandemic.  It will soon release the complete results in Form 10-Q for Q3 after completing the review of goodwill.

    Socket Mobile, Inc. (NASDAQ: SCKT) shares were trading up 1332.88% at $3.360 during the pre-market trading session of Friday. Socket Mobile, Inc. (SCKT) share price went from a low point around $0.76 to briefly over $4.15 in the past 52 weeks. It has moved up 92.11% from its 52-weeks low and moved down -64.82% from its 52-weeks low. SCKT market cap has remained high, hitting $8.86 million at the time of writing.

    Socket Mobile revealed that it has recorded the Gross margin on revenue for the three-month of 55.3% and the Gross margin on revenue for the nine-month period completed on September 30, 2020, was 53%.  It has revealed that the future will remain uncertain due to the coronavirus pandemic.

    But its Q3 results and strong balance sheet will help the company to remain in a good position even in this pandemic.  President and CEO Kevin Mills announced that the company will release the complete results in the Form 10-Q that will be filed on or around November 13, 2020.