Identiv (NASDAQ:INVE - Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.14, RTT News reports. The company had revenue of $6.70 million during the quarter, compared to analysts' expectations of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the previous year, the company earned $0.02 earnings per share. Identiv updated its Q1 2025 guidance to EPS.
Identiv Price Performance
INVE stock traded down $0.16 during midday trading on Monday, reaching $3.26. The company had a trading volume of 111,262 shares, compared to its average volume of 86,856. The firm has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.63. The company has a market capitalization of $77.87 million, a P/E ratio of 1.07 and a beta of 1.38. Identiv has a 1 year low of $2.95 and a 1 year high of $8.89.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on INVE shares. Lake Street Capital reduced their price target on shares of Identiv from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday. StockNews.com raised Identiv from a "sell" rating to a "hold" rating in a research note on Monday, November 11th.
View Our Latest Stock Analysis on Identiv
About Identiv
(
Get Free Report)
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
Further Reading
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