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Iveda Solutions Inc (IVDA) – Don’t Be So Quick to Call it Dead

Iveda Solutions Inc (NASDAQ: IVDA) is -54.85% lower on its value in year-to-date trading and has touched a low of $1.27 and a high of $10.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IVDA stock was last observed hovering at around $2.00 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $2.29, the stock is 43.62% and 38.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 14.50% at the moment leaves the stock -47.17% off its SMA200. IVDA registered -49.80% loss for a year compared to 6-month loss of -54.94%. The firm has a 50-day simple moving average (SMA 50) of $1.6508 and a 200-day simple moving average (SMA200) of $4.3471.

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The stock witnessed a 44.03% gain in the last 1 month and extending the period to 3 months gives it a -33.88%, and is 59.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 29.29% over the week and 17.81% over the month.

Iveda Solutions Inc (IVDA) has around 32 employees, a market worth around $6.09M and $5.31M in sales. Profit margin for the company is -61.38%. Distance from 52-week low is 80.31% and -77.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.52%).

10.0 institutions hold shares in Iveda Solutions Inc (IVDA), with institutional investors hold 8.65% of the company’s shares. The shares outstanding are 2.66M, and float is at 2.50M with Short Float at 7.28%. Institutions hold 8.22% of the Float.

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