Voip-pal.com Inc (OTCMKTS:VPLM) director Dennis Chang has recently sold a significant portion of his holdings in the company, according to the latest filings. Over a span of three days, Chang disposed of 700,000 shares, resulting in over $10,000 in total sales.
The transactions, which took place from July 29 to July 31, saw the director sell shares at prices ranging from $0.013 to $0.0135. Specifically, on July 29, Chang sold 200,000 shares at $0.0135 each. The following day, another 300,000 shares were sold in two separate transactions, with 100,000 shares at $0.0131 and 200,000 shares at $0.013. On the final day, Chang sold an additional 200,000 shares at $0.0134 and 100,000 shares at $0.0132.
After these transactions, Chang's direct ownership in Voip-pal.com Inc stands at 2,907,625 shares. The sales represent a notable change in the director's stake in the telecommunications apparatus company, though the filings did not specify the reasons behind the disposals.
Investors often monitor insider transactions for insights into the perspectives of company executives and directors regarding their company's stock. Sales and purchases by insiders can provide valuable context to the market sentiment and potential future performance of a company's stock.
Voip-pal.com Inc, which is incorporated in Nevada and has its business address in Waco, Texas, operates in the telecommunications sector and is known for manufacturing telephone and telegraph apparatus.
The filings also disclosed holdings in derivative securities, such as warrants and options, but the focus of this report is on the actual stock sales made by Chang. The transactions were made public through the required filings with the Securities and Exchange Commission.
InvestingPro Insights
Voip-pal.com Inc (OTCMKTS:VPLM) has been navigating a challenging period, as reflected in recent insider transactions and the company's performance metrics. According to InvestingPro Tips, the company holds more cash than debt, which suggests a solid balance sheet, but it also trades with high price volatility, indicating potential risks for investors seeking stable returns.
Investors considering Voip-pal.com Inc should be aware of the company's financial health and market performance. Based on InvestingPro Data, the company's market capitalization stands at approximately $47.62 million. Despite a negative P/E ratio of -1.83 over the last twelve months as of Q2 2024, Voip-pal.com Inc's price/book ratio is relatively high at 23.98, which could signal that the stock is overvalued compared to its book value. Additionally, the company has not been profitable over the past year, with an EBITDA of -$25.09 million and a significant EBITDA growth decline of -491.72%.
The stock's price performance has been underwhelming, with a one-month price total return of -23.43% and a year-to-date price total return of -33.66%. This downtrend is further supported by an InvestingPro Tip highlighting the stock's poor performance over the last month and the fact that its price has fallen significantly over the last year.
For potential investors and current shareholders, these insights underscore the importance of monitoring the company's financial stability and market movements. Voip-pal.com Inc's volatility and negative profitability metrics could be critical factors in investment decisions. For more in-depth analysis and additional InvestingPro Tips, interested parties can visit https://www.investing.com/pro/VPLM, where a total of 9 tips are available to provide further guidance on the stock's outlook.
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