Iveda Solutions (NASDAQ:IVDA) Trading Down 10.3% – Here’s Why

Iveda Solutions, Inc. (NASDAQ:IVDA)’s share price traded down 10.3% on Friday . The stock traded as low as $0.30 and last traded at $0.3004. 368,151 shares traded hands during trading, a decline of 16% from the average session volume of 436,884 shares. The stock had previously closed at $0.3350.

Analysts Set New Price Targets

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

Iveda Solutions Stock Down 10.3%

The firm’s 50 day moving average is $0.30 and its two-hundred day moving average is $0.57. The firm has a market cap of $3.48 million, a P/E ratio of -0.45 and a beta of 0.97. The company has a current ratio of 4.53, a quick ratio of 4.38 and a debt-to-equity ratio of 0.04.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC purchased a new stake in Iveda Solutions, Inc. (NASDAQ:IVDA) during the fourth quarter, according to the company in its most recent disclosure 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 filing with the Securities and Exchange Commission (SEC). 4.30% of the stock is owned by 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.