Voip-pal.com Inc (OTCMKTS:VPLM) director Kevin Bryan Williams has recently sold a significant number of shares, according to the latest SEC filings. Williams offloaded a total of 680,000 shares in a series of transactions that took place between July 23 and July 26, 2024.
The shares were sold at prices ranging from $0.0129 to $0.0142, netting a total of $9,157. On July 23, Williams sold 230,000 shares at $0.0129 each. The following day, an additional 200,000 shares were sold at a slightly higher price of $0.0142 per share. The final sale occurred on July 26, with 250,000 shares sold at $0.0134 each.
After these transactions, Williams still maintains a substantial holding in the company with 6,946,885 shares remaining in his possession. This series of sales comes amid regular trading activities by executives and directors which are often disclosed through SEC filings.
Investors and market watchers frequently monitor such insider transactions for insights into executive sentiment about their company's stock. While the reasons for Williams' sales are not disclosed, the remaining large stake suggests a continued interest in the company's performance.
Voip-pal.com Inc, which operates in the telecommunications equipment industry, has its shares publicly traded and can be followed under the ticker symbol OTCMKTS:VPLM. The company's business address is located in Waco, Texas.
InvestingPro Insights
As investors digest the news of Director Kevin Bryan Williams' recent share sales of Voip-pal.com Inc (OTCMKTS:VPLM), it is pertinent to consider the company's financial health and market performance. Voip-pal.com Inc holds more cash than debt on its balance sheet, which is a positive sign of the company's financial stability, as per an InvestingPro Tip. Additionally, the company's liquid assets surpass its short-term obligations, indicating a solid liquidity position to meet immediate financial needs.
However, the InvestingPro Data highlights some challenges. The company's gross profit for the last twelve months as of Q2 2024 stands at a negative $0.01 million USD, and it has an operating income of -25.23 million USD. These figures underscore the company's struggle to achieve profitability, an issue further accentuated by its negative P/E Ratio of -1.89. The stock's price volatility is also high, which could be a point of concern for investors looking for stable returns.
Looking at the company's stock performance, Voip-pal.com Inc has experienced a significant decline over the past year, with a 1 Year Price Total Return of -55.41%. This aligns with an InvestingPro Tip that notes the stock has fared poorly over the last month and has fallen significantly over the last year. The current market capitalization of Voip-pal.com Inc stands at 47.15 million USD, and the stock is trading at a high Price / Book multiple of 24.69.
For those interested in a deeper analysis, InvestingPro offers additional insights and tips on Voip-pal.com Inc. There are 8 more InvestingPro Tips available, which could provide a more comprehensive understanding of the stock's potential and risks. To explore these tips, investors can visit https://www.investing.com/pro/VPLM. Moreover, readers can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, enhancing their investment research capabilities.
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