Extraordinary general meeting in IDEX Biometrics held on 16 June 2023 - Yahoo Finance

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.
  
Extraordinary general meeting in IDEX Biometrics held on 16 June 2023 Yahoo Finance

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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.

Working Capital

Working Capital Comparative Analysis

Idex Biometrics is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

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

WONDFWonderFi Technologies   12.50   
0%
100.0%
WFCFWhere Food   0.25   
0%
2.0%
ISDRIssuer Direct   0.20   
0%
1.0%
CCRDCoreCard Corp   0.56   
4.0%
0%
OBLGOblong   0.57   
4.0%
0%
ENFNEnfusion   1.09   
8.0%
0%
MLNKMeridianlink   1.16   
9.0%
0%
RDVTRed Violet   1.24   
9.0%
0%
RSSSResearch Solutions   1.44   
11.0%
0%
EGANEGain   2.10   
16.0%
0%
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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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