IDEX Biometrics and AuthenTrend launch biometric smart cards for identity access
IDBADelisted Stock | USD 4.81 0.01 0.21% |
About 61% of Idex Biometrics' investor base is looking to short. The analysis of current outlook of investing in Idex Biometrics ASA suggests that many traders are alarmed regarding Idex Biometrics' prospects. The current market sentiment, together with Idex Biometrics' historical and current headlines, can help investors time the market. In addition, many technical investors use Idex Biometrics ASA stock news signals to limit their universe of possible portfolio assets.
Idex |
Oslo, Norway and Taipei, Taiwan 30 May 2023 IDEX Biometrics and AuthenTrend Technology have partnered to launch multi-application biometric smart cards for digital authentication. Taiwan based AuthenTrend is a
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Idex Biometrics Fundamental Analysis
We analyze Idex Biometrics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Idex Biometrics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Idex Biometrics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Idex Biometrics is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Idex Biometrics ASA Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Idex Biometrics stock to make a market-neutral strategy. Peer analysis of Idex Biometrics could also be used in its relative valuation, which is a method of valuing Idex Biometrics by comparing valuation metrics with similar companies.
Peers
Idex Biometrics Related Equities
EGAN | EGain | 3.90 | ||||
MLNK | Meridianlink | 1.88 | ||||
RSSS | Research Solutions | 1.46 | ||||
OBLG | Oblong | 1.42 | ||||
WFCF | Where Food | 1.00 | ||||
RDVT | Red Violet | 0.85 | ||||
ISDR | Issuer Direct | 0.20 | ||||
ENFN | Enfusion | 0.80 | ||||
CCRD | CoreCard Corp | 1.78 | ||||
WONDF | WonderFi Technologies | 5.56 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in Idex Stock
If you are still planning to invest in Idex Biometrics ASA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Idex Biometrics' history and understand the potential risks before investing.
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