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.
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.
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