(VIANEWS) – Shares of Identiv (NASDAQ: INVE) jumped by a staggering 33.65% in 21 sessions from $5.26 at 2023-05-02, to $7.03 at 14:38 EST on Thursday, following the last session’s downward trend. NASDAQ is jumping 1.42% to $13,118.53, following the last session’s downward trend.
Identiv’s last close was $7.27, 57.18% under its 52-week high of $16.98.
About Identiv
Identiv, Inc. operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company 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. The Premises segment provides solutions for premises security market, such as access control, video surveillance, analytics, audio, access readers, and identities to government facilities, schools, utilities, hospitals, stores, and apartment buildings. The company sells its products through dealers, systems integrators, value added resellers, and resellers. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.
Earnings Per Share
As for profitability, Identiv has a trailing twelve months EPS of $-0.14.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -2.87%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Identiv’s stock is considered to be overbought (>=80).
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 200% and a negative 100%, respectively.
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