INVE Stock Summary and Trading Ideas (Identiv | NASDAQ:INVE)

Identiv Inc is a security technology company. It secures and manages access to physical places, things, and information. The company has two reportable segments namely the Premises segment which includes solutions to address the premises security market for government and enterprise, including access control, video surveillance, analytics, customer experience, and other applications. Its Identity segment includes products and solutions enabling secure access to information serving the logical access and cyber security market and protecting assets and objects in the IoT with RFID. Geographically, it generates maximum revenue from the Americas and also has a presence in Europe and the Middle East, and Asia-Pacific. The company derives the majority of revenue from the Identity segment.

Identiv trades on the NASDAQ stock market under the symbol INVE.

As of April 26, 2024, INVE stock price was flat at $5.12 with 48,014 million shares trading.

INVE has a beta of 0.51, meaning it tends to be less sensitive to market movements. INVE has a correlation of 0.01 to the broad based SPY ETF.

INVE has a market cap of $119.45 million. This is considered a Micro Cap stock.

Last quarter Identiv reported $29 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.03.

In the last 3 years, INVE stock traded as high as $29.00 and as low as $4.72.

The top ETF exchange traded funds that INVE belongs to (by Net Assets): VTI, VXF, IWC, DFAT, DFAS.

INVE has underperformed the market in the last year with a return of -5.7%, while the SPY ETF gained +26.8%. In the last 3 month period, INVE fell short of the market, returning -35.0%, while SPY returned +4.5%. However, in the most recent 2 weeks INVE has outperformed the stock market by returning -1.0%, while SPY returned -1.9%.

INVE support price is $4.86 and resistance is $5.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INVE stock will trade within this expected range on the day.