7 Penny Stocks with Low PE Ratios

3. Iveda Solutions, Inc. (NASDAQ:IVDA)

Share Price: $1.56

Forward P/E: 0.85

EPS Growth This Year: 30%

Number of Hedge Fund Holders: 3

Iveda Solutions (NASDAQ:IVDA) specializes in digital transformation and artificial intelligence technologies. It offers smart sensors, AI intelligent video search, gateways, Internet of Things platforms, and trackers. The company boasts a wide portfolio of products and technologies, including the Iveda Smart Drones, Cerebro, IvedaAI, Smart Utility Cabinet, IvedaCare, Iveda Smart UVC, Vemo Body Camera, Utilus, IvedaXpress, and more.

IvedaAI runs on deep-learning video analytics software in a computer or server environment. vumastAR is an AI vision software that leverages videos taken from different sources to process and analyze data in real time. These sources include AR glasses, IP cameras, tablets, and androids. In addition, Cerebro is a software technology platform integrating a number of disparate systems for management and central access of subsystems, applications, and devices throughout an entire environment.

The company is expanding and advancing its portfolio by undertaking several new initiatives. It recently announced the launch of LevelNOW, a next-generation tracking and monitoring solution for efficient liquid storage management. LevelNOW specifically targets industrial and commercial organizations, oil and gas companies, and government agencies and officials who manage resource management and environmental compliance. It offers GPS tracking, advanced fluid monitoring, and real-time alerts to increase operational efficiency, provide critical cost saving, and ensure environmental compliance. It received an initial offer of 1,000 LevelNOW units from one of Australia’s leading oil companies.

Iveda Solutions (NASDAQ:IVDA) also entered into an agreement with ColoBarn, a colocation services provider in Arizona and Florida, to boost the physical security of the latter’s data centers. The integration will utilize AI analytics for facial recognition, intrusion detection, license plate recognition, and several other features.

Iveda Solutions (NASDAQ:IVDA) is also applying its AI vision software vumastAR to recognize and respond to oil spills. This technology is being developed for proof-of-concept projects with major oil companies in the US and Australia. This platform’s AI-driven detection and automatic alerts aim to reduce the need for manual checks, resulting in faster detection times and labor savings. Such initiatives are solidifying the company’s position in the market.