Research analysts offer forecast for IDEX Biometrics ASA earnings in Q3 2022 (NASDAQ:IDBA)

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) – Equity researchers at Zacks Investment Research released their third-quarter 2022 EPS estimates for IDEX Biometrics ASA in a research report delivered to clients and investors on Monday, February 28. Zacks Investment Research analyst L. Thompson expects the company to post earnings per share of ($0.56) for the quarter. IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) released its quarterly results for the last time on Wednesday, February 23. The company reported ($1.50) earnings per share for the quarter, missing Thomson Reuters consensus estimate of ($0.63) by ($0.87). IDEX Biometrics ASA recorded a negative return on equity of 130.02% and a negative net margin of 1,146.20%.

The NASDAQ IDBA opened at $18.20 on Tuesday. The company has a market capitalization of $245.19 million and a P/E ratio of -4.85. IDEX Biometrics ASA has a one-year low of $13.70 and a one-year high of $32.82. The stock has a 50-day moving average price of $22.77 and a 200-day moving average price of $23.38.

A hedge fund recently increased its stake in IDEX Biometrics ASA stock. Morgan Stanley increased its stake in shares of IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) by 1,539.0% during the 2nd quarter, according to its latest 13F filing with the SEC. The company held 1,639 shares of the company after purchasing an additional 1,539 shares during the period. Morgan Stanley’s holdings in IDEX Biometrics ASA were worth $31,000 at the end of last quarter. 0.01% of the shares are held by hedge funds and other institutional investors.

(A d)

Each 70 kWh Tesla Model S battery contains nearly 140 pounds of lithium, the energy metal. The megatrend of electrified vehicles will only increase the demand for lithium, which is expected to skyrocket by 1,000% or more by 2030.

IDEX Biometrics ASA Company Profile (Get a rating)

IDEX Biometrics ASA engages in the design, development and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, America and Asia. The Company offers IDEX Biometrics for the biometric smart card market, including biometric fingerprint sensors for use in dual-interface, contactless-only and contact-only smart cards; biometric fingerprint modules for contact smart cards; and card-enrollment solutions for in-person remote enrollment.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in IDEX Biometrics ASA right now?

Before you consider IDEX Biometrics ASA, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and IDEX Biometrics ASA didn’t make the list.

While IDEX Biometrics ASA currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.