Iveda Solutions (NASDAQ:IVDA) Stock Price Down 2.5% – Should You Sell?

Iveda Solutions, Inc. (NASDAQ:IVDA)’s stock price traded down 2.5% on Monday . The company traded as low as $1.1101 and last traded at $1.16. 204,239 shares changed hands during trading, a decline of 98% from the average session volume of 9,271,199 shares. The stock had previously closed at $1.19.

Wall Street Analysts Forecast Growth

IVDA has been the topic of several recent analyst reports. Wall Street Zen cut shares of Iveda Solutions to a “strong sell” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Iveda Solutions Stock Performance

The company has a 50-day simple moving average of $1.17 and a two-hundred day simple moving average of $1.64. 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 firm has a market capitalization of $6.81 million, a P/E ratio of -0.89 and a beta of 0.85.

Iveda Solutions (NASDAQ:IVDA) last released its earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.63). Iveda Solutions had a negative net margin of 53.18% and a negative return on equity of 143.92%. The firm had revenue of $1.65 million during the quarter, compared to analysts’ expectations of $7.25 million.

Institutional Trading of Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is currently owned by institutional investors and hedge funds.

About Iveda Solutions

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.