Iveda Solutions Inc (NASDAQ:IVDA) shares, rose in value on Thursday, January 02, with the stock price up by 24.70% to the previous day’s close as strong demand from buyers drove the stock to $6.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.94, falling within a range of $5.85 and $7.14. The value of beta (5-year monthly) is 1.105. Referring to stock’s 52-week performance, its high was $10.16, and the low was $1.27. On the whole, IVDA has fluctuated by 235.69% over the past month.
With the market capitalization of Iveda Solutions Inc currently standing at about $16.37 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IVDA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 25% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of IVDA currently trading nearly 91.21% and 168.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.84, while the 7-day volatility ratio is showing 43.68% which for the 30-day chart, stands at 29.47%. Furthermore, Iveda Solutions Inc (IVDA)’s beta value is 0.75, and its average true range (ATR) is 1.12.
A comparison of Iveda Solutions Inc (IVDA) with its peers suggests the former has fared considerably weaker in the market. IVDA showed an intraday change of 24.70% in today’s session so far, and over the past year, it grew by 23.85%%.
Data on historical trading for Iveda Solutions Inc (NASDAQ:IVDA) indicates that the trading volumes over the past 10 days have averaged 0.96 and over the past 3 months, they’ve averaged 401.12K. According to company’s latest data on outstanding shares, there are 2.66 million shares outstanding.
Nearly 5.00% of Iveda Solutions Inc’s shares belong to company insiders and institutional investors own 8.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.18 million shares as on 2024-10-31, resulting in a short ratio of 1.27. According to the data, the short interest in Iveda Solutions Inc (IVDA) stood at 856.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 30636.0. The stock has risen by 24.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IVDA stock heading into the next quarter.
