Iveda Solutions (NASDAQ:IVDA) Announces Earnings Results

Iveda Solutions (NASDAQ:IVDA) released its earnings results on Friday. The company reported ($0.07) EPS for the quarter, Zacks reports. Iveda Solutions had a negative net margin of 52.30% and a negative return on equity of 133.21%. The company had revenue of $1.65 million for the quarter.

Iveda Solutions Price Performance

Shares of NASDAQ IVDA traded down $0.05 during trading on Friday, hitting $0.79. The company had a trading volume of 82,863 shares, compared to its average volume of 630,407. Iveda Solutions has a 52 week low of $0.71 and a 52 week high of $8.05. The business’s 50-day moving average is $1.32 and its 200 day moving average is $1.77. The company has a market cap of $5.68 million, a P/E ratio of -0.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.59 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IVDA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, October 31st. Wall Street Zen cut Iveda Solutions to a “strong sell” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.