IDEX Biometrics announces intention to voluntary delist of American Depositary Shares from The Nasdaq Capital Market
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, July 21, 2023 - IDEX Biometrics ASA , a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control and digital identity, today announced it has given formal notice to the Nasdaq Stock Market of the Companys intention to voluntary delist American Depositary Shares representing its ordinary shares, which is anticipated to be effective prior to the opening of trading on August
Read at finance.yahoo.com
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.
Revenue
Revenue Comparative Analysis
Idex Biometrics is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
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
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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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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