Voip-pal.com Inc (OTCMKTS:VPLM) director Dennis Chang has recently sold shares of the company's stock, according to the latest SEC filings. Over a series of transactions, Chang disposed of a total of 300,000 shares, resulting in an aggregate sale amount of $4160.
The transactions took place over three consecutive trading days, with shares sold at prices ranging from $0.0137 to $0.014. On April 15th, Chang sold 100,000 shares at $0.014 each. The following day, another 100,000 shares were sold at a slightly lower price of $0.0137 per share. The final sale occurred on April 19th, with the price per share at $0.0139 for the last 100,000 shares.
Following these sales, Dennis Chang retains a substantial holding of 383,198 shares in Voip-pal.com Inc. The company, incorporated in Nevada, operates within the telecommunications sector, specifically focusing on telephone and telegraph apparatus manufacturing.
Investors and market watchers often pay close attention to insider transactions such as these, as they can provide insights into the perspectives of company executives and directors regarding the firm's stock value and future prospects.
Voip-pal.com Inc has not made any official statements regarding these recent transactions by Director Dennis Chang. The company's stock continues to be traded on the OTCMKTS under the ticker symbol VPLM.
InvestingPro Insights
Voip-pal.com Inc (OTCMKTS:VPLM) has been navigating challenging market conditions, as evidenced by recent insider sales and the performance of its stock. An analysis of real-time data from InvestingPro reveals several critical metrics that investors should consider.
The company's market capitalization stands at $43.57 million, reflecting its current valuation in the market. Notably, Voip-pal.com Inc exhibits a negative P/E ratio for the last twelve months as of Q1 2024, at -1.86, which suggests that the company has not been profitable during this period. Moreover, the Price/Book ratio is substantially high at 20.81, indicating that the stock may be trading at a premium compared to the company's book value.
One of the InvestingPro Tips highlights that Voip-pal.com Inc holds more cash than debt on its balance sheet, which could provide some financial flexibility in its operations. However, another tip points out that the company suffers from weak gross profit margins, which may raise concerns about its ability to generate income from its core business activities.
For investors seeking a deeper dive into the company's financials and stock performance, there are additional InvestingPro Tips available. These tips offer insights into the stock's recent poor performance over the last month and its trading near the 52-week low, which could be of interest to those considering the stock's potential for a rebound. To access these insights, visit InvestingPro and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Overall, these metrics and tips from InvestingPro provide a more nuanced view of Voip-pal.com Inc's financial health and market position, which could be pivotal for investors making informed decisions in light of recent insider trading activity.
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