Director of Voip-pal.com Inc (OTCMKTS:VPLM), Kevin Williams, has recently sold a portion of his holdings in the company. The transactions, which took place over a series of days, amounted to a total of $19,234. Williams sold shares at prices ranging from $0.0166 to $0.026, indicating a varied market price during the time of the transactions.
On July 8, 2024, Williams sold 250,710 shares at a price of $0.0166 per share. The following day, he sold an additional 250,000 shares, this time at a higher price of $0.026 per share. Williams continued to sell on July 11, with two separate transactions of 225,000 shares each, at prices of $0.0194 and $0.0187 respectively.
Despite these sales, Williams still retains a significant number of shares in Voip-pal.com Inc. After the transactions, his ownership stood at 7,626,885 shares of common stock. The sales took place in a straightforward manner, with Williams directly owning the shares sold.
Investors and followers of Voip-pal.com Inc will be keeping a close eye on the trading activities of company insiders like Williams. Such transactions can provide insights into the perspectives of those most intimately knowledgeable about the company's operations and future prospects.
Voip-pal.com Inc, incorporated in Nevada, operates within the Telephone & Telegraph Apparatus sector, focusing on manufacturing. The company's trading symbol on the OTC Markets is VPLM, and it is headquartered in Waco, Texas.
InvestingPro Insights
Amid the insider trading activities, investors seeking a deeper understanding of Voip-pal.com Inc's (OTCMKTS:VPLM) financial health and market performance can look to recent data and analysis from InvestingPro. Notably, the company's Market Cap stands at $63.17M, with a strikingly high Price / Book ratio of 32.66 as of the last twelve months leading up to Q2 2024. This valuation metric suggests that the market is assigning a high value to the company's net assets, which could be a point of interest for investors considering the stock's tangible value.
Voip-pal.com Inc's performance metrics also reveal some challenges, with a negative P/E Ratio of -1.83 and an adjusted P/E Ratio of -2.49 for the same period, indicating that the company has not been profitable over the last twelve months. Furthermore, the company's shares have experienced significant volatility; while there has been a strong return over the last three months with a 23.33% price total return, the one-year price total return has plummeted by -55.65%.
Turning to InvestingPro Tips, two key insights emerge for potential investors. Firstly, Voip-pal.com Inc holds more cash than debt on its balance sheet, which could provide some financial flexibility for the company. Secondly, the stock has taken a substantial hit over the last week, with a price total return of -14.88%, which may influence the decision-making of short-term traders and long-term investors alike.
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