Iveda Solutions (NASDAQ:IVDA) Shares Up 0.3% – Time to Buy?

Iveda Solutions, Inc. (NASDAQ:IVDA) was up 0.3% during mid-day trading on Monday . The company traded as high as $0.3480 and last traded at $0.3350. Approximately 566,418 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 20,547,922 shares. The stock had previously closed at $0.3340.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Iveda Solutions Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 4.53 and a quick ratio of 4.38. The company has a market capitalization of $3.88 million, a PE ratio of -0.50 and a beta of 0.97. The stock’s 50 day simple moving average is $0.33 and its 200-day simple moving average is $0.49.

Iveda Solutions (NASDAQ:IVDA) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter. Iveda Solutions had a negative return on equity of 73.92% and a negative net margin of 55.42%.The business had revenue of $1.49 million for the quarter.

Hedge Funds Weigh In On Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC purchased a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned approximately 0.85% of Iveda Solutions as of its most recent SEC filing. Hedge funds and other institutional investors own 4.30% of the company’s stock.

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.