Iveda Solutions (NASDAQ:IVDA) Releases Quarterly Earnings Results

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

Iveda Solutions Trading Down 18.9%

Shares of NASDAQ IVDA traded down $0.10 during midday 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 stock has a 50 day moving average price of $0.32 and a 200-day moving average price of $0.34. The company has a current ratio of 4.53, a quick ratio of 4.38 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.94 million, a P/E ratio of -0.64 and a beta of 0.98. Iveda Solutions has a 52-week low of $0.21 and a 52-week high of $2.24.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Iveda Solutions

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission. 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.