Iveda Solutions (NASDAQ:IVDA) Releases Quarterly Earnings Results

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

Iveda Solutions Stock Down 18.9%

NASDAQ:IVDA traded down $0.10 on Friday, hitting $0.43. The stock had a trading volume of 8,119,891 shares, compared to its average volume of 13,989,554. Iveda Solutions has a 1 year low of $0.21 and a 1 year high of $2.24. The firm’s fifty day simple moving average is $0.32 and its two-hundred day simple moving average is $0.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.38 and a current ratio of 4.53. The stock has a market cap of $4.94 million, a P/E ratio of -0.79 and a beta of 0.98.

Analysts Set New Price Targets

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

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 stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned about 0.85% of Iveda Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 4.30% of the company’s stock.

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.