Identiv (INVE) Receives News Impact Score of -0.12
Media headlines about Identiv (NASDAQ:INVE) have trended somewhat negative this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Identiv earned a media sentiment score of -0.12 on AlphaOne’s scale. AlphaOne also assigned media stories about the technology company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.
Identiv (NASDAQ:INVE) traded down 0.99% on Friday, reaching $5.98. The company’s stock had a trading volume of 41,722 shares. The company’s market capitalization is $66.43 million. The firm’s 50 day moving average price is $6.37 and its 200-day moving average price is $4.06. Identiv has a 1-year low of $1.61 and a 1-year high of $7.81.
Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, March 8th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.05. The company earned $14.65 million during the quarter, compared to analysts’ expectations of $14.41 million. Identiv had a negative return on equity of 252.68% and a negative net margin of 58.03%. During the same quarter in the prior year, the firm posted ($1.77) EPS. Equities analysts forecast that Identiv will post ($0.27) earnings per share for the current year.
A number of research analysts have weighed in on INVE shares. Zacks Investment Research downgraded Identiv from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Imperial Capital increased their target price on Identiv from $3.00 to $7.00 and gave the company an “in-line” rating in a report on Tuesday, April 4th.
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Identiv Company Profile
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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