Iveda Solutions (NASDAQ:IVDA) Releases Quarterly Earnings Results

Iveda Solutions (NASDAQ:IVDA) announced its earnings results on Friday. The company reported ($0.07) EPS for the quarter, Zacks reports. The company had revenue of $0.80 million for the quarter. Iveda Solutions had a negative net margin of 55.42% and a negative return on equity of 73.92%.

Iveda Solutions Price Performance

Shares of IVDA traded down $0.10 on Friday, hitting $0.43. The company’s stock had a trading volume of 8,119,891 shares, compared to its average volume of 13,989,554. The company has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.34. Iveda Solutions has a fifty-two week low of $0.21 and a fifty-two week high of $2.24. The company has a market capitalization of $4.94 million, a PE ratio of -0.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.53 and a quick ratio of 4.38.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the fourth quarter, according to the company in 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. Institutional investors and hedge funds own 4.30% of the company’s stock.

Analyst Ratings Changes

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

About Iveda Solutions

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.