Identiv (INVE) to Release Quarterly Earnings on Wednesday

Identiv (NASDAQ:INVE - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Identiv has set its Q1 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Identiv (NASDAQ:INVE - Get Free Report) last issued its earnings results on Tuesday, March 12th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $28.99 million during the quarter, compared to the consensus estimate of $30.00 million. Identiv had a negative return on equity of 7.39% and a negative net margin of 4.72%. On average, analysts expect Identiv to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Identiv Trading Down 0.6 %

INVE stock traded down $0.03 during midday trading on Wednesday, hitting $5.01. The stock had a trading volume of 102,685 shares, compared to its average volume of 86,736. The firm has a market capitalization of $116.88 million, a price-to-earnings ratio of -17.89 and a beta of 1.29. Identiv has a 52 week low of $4.72 and a 52 week high of $9.26. The stock has a 50-day simple moving average of $6.90 and a 200 day simple moving average of $7.18.

Analysts Set New Price Targets

INVE has been the subject of several research reports. B. Riley reduced their target price on Identiv from $10.00 to $9.50 and set a "buy" rating for the company in a research report on Wednesday, March 13th. StockNews.com raised Identiv from a "sell" rating to a "hold" rating in a research report on Wednesday, April 10th.

About Identiv

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.