In today’s recent session, 0.62 million shares of the Iveda Solutions Inc (NASDAQ:IVDA) have been traded, and its beta is 1.11. Most recently the company’s share price was $1.46, and it changed around -$0.2 or -12.08% from the last close, which brings the market valuation of the company to $3.30M. IVDA at last check was trading at a discount to its 52-week high of $10.16, offering almost -595.89% off that amount. The share price’s 52-week low was $1.40, which indicates that the recent value has risen by an impressive 4.11% since then. We note from Iveda Solutions Inc’s average daily trading volume that its 10-day average is 24950.0 shares, with the 3-month average coming to 40.96K.
Iveda Solutions Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended IVDA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Iveda Solutions Inc is expected to report earnings per share of -0.16 for the current quarter.
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Iveda Solutions Inc (NASDAQ:IVDA) trade information
Instantly IVDA has been showing red trend so far today with a performance of -12.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.6894 on recent trading dayincreased the stock’s daily price by 13.58%. The company’s shares are currently down -71.22% year-to-date, but still down -11.01% over the last five days. On the other hand, Iveda Solutions Inc (NASDAQ:IVDA) is -12.60% down in the 30-day period. We can see from the shorts that 63205.0 shares have been sold at a short interest cover period of 0.93 day(s).
Iveda Solutions Inc (IVDA) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 60.00% in revenue this quarter, and will report an increase of 85.70% in the next quarter. The year-over-year growth rate is expected to be 21.30%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.5M in revenue for the current quarter. 1 analysts expect Iveda Solutions Inc to make 3.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 873k and 1.03M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 186.40%. Forecasts for the next quarter put sales growth at 241.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.97%.
IVDA Dividends
Iveda Solutions Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
Iveda Solutions Inc (NASDAQ:IVDA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.89% of Iveda Solutions Inc shares, and 3.34% of them are in the hands of institutional investors. The stock currently has a share float of 3.55%.
