Iveda Solutions (NASDAQ:IVDA) Trading Down 2.5% – What’s Next?

Iveda Solutions, Inc. (NASDAQ:IVDA)’s stock price dropped 2.5% during mid-day trading on Monday . The stock traded as low as $1.1101 and last traded at $1.16. Approximately 204,239 shares changed hands during trading, a decline of 98% from the average daily volume of 9,271,199 shares. The stock had previously closed at $1.19.

Analyst Ratings Changes

IVDA has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Friday, October 31st. Wall Street Zen cut Iveda Solutions to a “strong sell” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Iveda Solutions Price Performance

The stock has a market capitalization of $6.81 million, a PE ratio of -0.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.48 and a quick ratio of 3.32. The firm’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.64.

Iveda Solutions (NASDAQ:IVDA) last released its earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.63). The business had revenue of $1.65 million for the quarter, compared to the consensus estimate of $7.25 million. Iveda Solutions had a negative net margin of 53.18% and a negative return on equity of 143.92%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co bought a new stake in Iveda Solutions, Inc. (NASDAQ:IVDA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned about 0.42% of Iveda Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 4.30% of the company’s stock.

Iveda Solutions Company Profile

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.