Iveda Solutions (NASDAQ:IVDA) Trading 1.8% Higher – Time to Buy?

Iveda Solutions, Inc. (NASDAQ:IVDA)’s share price was up 1.8% during mid-day trading on Wednesday . The company traded as high as $1.0340 and last traded at $0.9850. Approximately 71,491 shares were traded during trading, a decline of 35% from the average daily volume of 109,927 shares. The stock had previously closed at $0.9680.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IVDA shares. Wall Street Zen downgraded shares of Iveda Solutions to a “strong sell” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Iveda Solutions Trading Up 1.8%

The business has a fifty day moving average of $0.95 and a 200-day moving average of $1.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.32 and a current ratio of 3.48. The company has a market capitalization of $5.78 million, a P/E ratio of -0.75 and a beta of 0.82.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.63). The business had revenue of $1.65 million during 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 Trading of Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co bought a new stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Institutional investors own 4.30% of the company’s stock.

Iveda Solutions Company Profile

Iveda Solutions, Inc (NASDAQ: IVDA) is a technology company specializing in AI-driven security and smart city solutions. The company develops and delivers integrated hardware and software platforms designed to capture, process and analyze video data in real time, enabling organizations across government, enterprise and critical infrastructure sectors to enhance situational awareness, optimize resource deployment and streamline operational workflows.

The company’s product suite centers around the Iveda Cloud platform, offering cloud-based video storage, remote monitoring and cybersecurity features.