Iveda Solutions (NASDAQ:IVDA) Stock Falls 1.3% – Here’s Why

Iveda Solutions, Inc. (NASDAQ:IVDA) shares dropped 1.3% during mid-day trading on Monday. The stock traded as low as $0.2857 and last traded at $0.2858. 152,475 shares were traded during trading, a decline of 48% from the average daily volume of 294,440 shares. The stock had previously closed at $0.2897.

Analysts Set New Price Targets

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

Iveda Solutions Price Performance

The firm has a market capitalization of $3.48 million, a P/E ratio of -0.51 and a beta of 1.27. The business’s fifty day moving average is $0.31 and its 200 day moving average is $0.31. The company has a current ratio of 5.19, a quick ratio of 5.00 and a debt-to-equity ratio of 0.04.

Iveda Solutions (NASDAQ:IVDA) last issued its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.80 million during the quarter. Iveda Solutions had a negative return on equity of 63.92% and a negative net margin of 69.24%.

Institutional Trading of Iveda Solutions

A hedge fund recently raised its position in Iveda Solutions stock. Citadel Advisors LLC lifted its holdings in Iveda Solutions, Inc. (NASDAQ:IVDA) by 112.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 334,345 shares of the company’s stock after purchasing an additional 177,184 shares during the period. Citadel Advisors LLC owned 2.67% of Iveda Solutions worth $109,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.30% of the company’s stock.

About Iveda Solutions

Iveda Solutions, Inc develops cloud-based video surveillance, artificial intelligence and Internet of Things (IoT) technologies for businesses, government organizations and smart-city applications. Its solutions are designed to connect cameras, sensors and other devices to cloud platforms, helping customers monitor locations, identify events and manage connected infrastructure.

The company’s product portfolio includes video surveillance and analytics offerings such as IvedaXpress and IvedaAI, which support remote monitoring, video management and automated analysis.