Iveda Solutions (NASDAQ:IVDA) Issues Quarterly Earnings Results

Iveda Solutions (NASDAQ:IVDA) announced its quarterly earnings results on Tuesday. The company reported ($0.34) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.63 million during the quarter. Iveda Solutions had a negative net margin of 53.18% and a negative return on equity of 143.92%.

Iveda Solutions Stock Performance

Shares of IVDA traded up $0.01 during midday trading on Wednesday, reaching $0.26. 114,508 shares of the stock were exchanged, compared to its average volume of 4,364,852. Iveda Solutions has a twelve month low of $0.22 and a twelve month high of $3.13. 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 company has a market capitalization of $1.54 million, a price-to-earnings ratio of -0.20 and a beta of 0.91. The business’s 50-day moving average price is $0.42 and its 200 day moving average price is $0.88.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Wednesday, January 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Iveda Solutions currently has a consensus rating of “Sell”.

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.