Iveda Solutions (NASDAQ:IVDA) Trading Up 1.8%

Iveda Solutions, Inc. (NASDAQ:IVDA)’s share price rose 1.8% during mid-day trading on Wednesday . The company traded as high as $0.83 and last traded at $0.78. Approximately 29,345 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 120,893 shares. The stock had previously closed at $0.77.

Iveda Solutions Stock Up 1.8 %

The firm has a market capitalization of $12.64 million, a price-to-earnings ratio of -3.72 and a beta of 0.87. The company’s 50 day moving average is $0.84 and its 200 day moving average is $0.75.

Iveda Solutions (NASDAQ:IVDA) last announced its earnings results on Monday, April 1st. The company reported ($0.07) earnings per share (EPS) for the quarter. Iveda Solutions had a negative return on equity of 45.62% and a negative net margin of 49.80%. The business had revenue of $1.03 million for the quarter.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Nwam LLC purchased a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the company’s stock, valued at approximately $107,000. Nwam LLC owned 0.78% of Iveda Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.30% of the company’s stock.

About Iveda Solutions

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States, Egypt, and Taiwan. The company offers IvedaAI, a deep-learning video analytics software; IvedaPinpoint, a solution that manages Bluetooth trackers and sensors, and displays them on a map for exact location; and Sentir Video, a video surveillance solution for various kinds of applications.