Voip-pal.com Inc (OTCMKTS:VPLM) director Dennis Chang has sold a total of $5,748 worth of company stock, according to recent filings with the Securities and Exchange Commission. The transactions, which took place between March 25 and March 28, involved shares sold at prices ranging from $0.0152 to $0.0158.
The sales began on March 25, when Chang disposed of 125,000 shares at a price of $0.0155 per share. This was followed by two separate transactions on March 27; the first involved 107,432 shares sold at $0.0152 each, and the second comprised of 17,568 shares at $0.0158 each. The series of transactions concluded on March 28, with another 125,000 shares sold at $0.0152 per share.
Following these sales, Dennis Chang's ownership in Voip-pal.com Inc has been adjusted to reflect the decreased number of shares. The company, which is classified under the Telephone & Telegraph Apparatus industry, is incorporated in Nevada and has its business address in Waco, Texas.
Investors and followers of Voip-pal.com Inc will note that these transactions are part of the normal course of business for corporate insiders, and the filings provide transparency into the trading activities of the company's directors and executives.
InvestingPro Insights
As Voip-pal.com Inc (OTCMKTS:VPLM) sees insider transactions, it's crucial for investors to consider the company's financial health and market performance. InvestingPro provides a deeper dive into the company's real-time metrics and offers valuable insights.
InvestingPro Data for VPLM indicates a challenging financial landscape. The company holds a Market Cap (Adjusted) of approximately $46.09M USD, but is grappling with negative profitability, as evidenced by a P/E Ratio (Adjusted) for the last twelve months as of Q1 2024 standing at -1.99. Furthermore, the Price / Book ratio for the same period is notably high at 22.32, suggesting that the company's stock is trading at a premium compared to its book value.
In line with these metrics, InvestingPro Tips highlight that Voip-pal.com Inc has not been profitable over the last twelve months and is trading at a high Price / Book multiple. Additionally, the company's price has experienced a significant decline over the past year, with a 1 Year Price Total Return as of day 88 of 2024 at a steep -66.3%. This data could be particularly relevant for investors trying to understand the context behind Dennis Chang's recent stock sales.
Investors interested in a more comprehensive analysis can find additional InvestingPro Tips, which include insights on the company's cash position, gross profit margins, and its ability to meet short-term obligations. Voip-pal.com Inc holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, which could be seen as positive signs in terms of liquidity.
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