Iveda Solutions (NASDAQ:IVDA) Issues Quarterly Earnings Results

Iveda Solutions (NASDAQ:IVDA) released its earnings results on Friday. The company reported ($0.07) EPS for the quarter, Zacks reports. Iveda Solutions had a negative net margin of 55.42% and a negative return on equity of 73.92%.

Iveda Solutions Trading Down 18.9%

Shares of NASDAQ:IVDA traded down $0.10 during trading on Friday, reaching $0.43. 8,092,780 shares of the stock were exchanged, compared to its average volume of 6,403,141. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.38 and a current ratio of 4.53. Iveda Solutions has a 12-month low of $0.21 and a 12-month high of $2.24. The firm has a market cap of $4.94 million, a price-to-earnings ratio of -0.64 and a beta of 0.98. The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Iveda Solutions currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC acquired a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions as of its most recent SEC filing. 4.30% of the stock is owned by hedge funds and other institutional investors.

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.