Iveda Solutions (NASDAQ:IVDA) Stock Price Down 10.3% – Time to Sell?

Shares of Iveda Solutions, Inc. (NASDAQ:IVDA) were down 10.3% during mid-day trading on Friday . The company traded as low as $0.30 and last traded at $0.3004. Approximately 368,151 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 436,884 shares. The stock had previously closed at $0.3350.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, the company currently has a consensus rating of “Sell”.

Iveda Solutions Trading Down 10.3%

The company’s fifty day simple moving average is $0.30 and its two-hundred day simple moving average is $0.57. The company has a quick ratio of 4.38, a current ratio of 4.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.48 million, a price-to-earnings ratio of -0.45 and a beta of 0.97.

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

Institutional Investors Weigh In On Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.30% of the company’s stock.

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.