After Forming Multiple Bottom Chart Pattern, Is I.D. Systems, Inc. (IDSY)’s Near-Term Analysis Negative?

I.D. Systems, Inc. (NASDAQ:IDSY) Logo

Investors sentiment decreased to 0.83 in Q2 2018. Its down 0.25, from 1.08 in 2018Q1. It fall, as 4 investors sold I.D. Systems, Inc. shares while 8 reduced holdings. 1 funds opened positions while 9 raised stakes. 6.54 million shares or 13.03% more from 5.79 million shares in 2018Q1 were reported.
Cannell Peter B Co holds 0.01% in I.D. Systems, Inc. (NASDAQ:IDSY) or 30,000 shares. Bard Associates has 122,555 shares for 0.35% of their portfolio. Morgan Stanley holds 0% in I.D. Systems, Inc. (NASDAQ:IDSY) or 7,377 shares. 16,600 were accumulated by Hightower Advsrs Ltd. Cannell Ltd Liability, a Wyoming-based fund reported 2.08M shares. Smith Moore invested in 35,000 shares or 0.05% of the stock. 10,800 were accumulated by Price T Rowe Associate Md. Prentiss Smith And Communications holds 100 shares or 0% of its portfolio. Illinois-based Northern Corp has invested 0% in I.D. Systems, Inc. (NASDAQ:IDSY). Blackrock accumulated 400,650 shares. Barclays Public Ltd Co stated it has 399 shares. 196,568 were reported by Dimensional Fund Advsr Lp. Ardsley Advisory Prns reported 438,610 shares. The Pennsylvania-based Connors Investor Services Incorporated has invested 0.04% in I.D. Systems, Inc. (NASDAQ:IDSY). 225,615 were reported by Renaissance Techs Limited Liability Company.

Since June 4, 2018, it had 5 insider purchases, and 7 insider sales for $484,044 activity. SUBIN NEIL S sold 17,200 shares worth $107,240. EHRMAN MICHAEL L had sold 62,662 shares worth $388,504.

The stock of I.D. Systems, Inc. (IDSY) shows a multiple bottoms pattern with $5.90 target or 3.00 % below today’s $6.08 share price. The 9 months chart pattern indicates high risk for the $110.08 million company. It was reported on Dec, 2 by Finviz.com. If the $5.90 price target is reached, the company will be worth $3.30 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 1.46% or $0.09 during the last trading session, reaching $6.08. About 13,477 shares traded. I.D. Systems, Inc. (NASDAQ:IDSY) has declined 4.06% since December 2, 2017 and is downtrending. It has underperformed by 19.68% the S&P500.

More notable recent I.D. Systems, Inc. (NASDAQ:IDSY) news were published by: Seekingalpha.com which released: “An Outstanding Leader Executes A Transformation Of ID Systems – Seeking Alpha” on April 01, 2018, also Seekingalpha.com with their article: “I.D. Systems, Inc. (IDSY) CEO Chris Wolfe on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on November 11, 2018, Globenewswire.com published: “Liolios 7th Annual Gateway Conference to Showcase 100 Leading Companies at the Four Seasons San Francisco September 5-6, 2018 – GlobeNewswire” on August 06, 2018. More interesting news about I.D. Systems, Inc. (NASDAQ:IDSY) were released by: Globenewswire.com and their article: “I.D. Systems Appoints Chris Wolfe as New Chief Executive Officer – GlobeNewswire” published on December 08, 2016 as well as Profitconfidential.com‘s news article titled: “I.D. Systems Stock: Play the High-Growth M2M Segment with this Micro-Cap – Profit Confidential” with publication date: October 19, 2018.

I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company has market cap of $110.08 million. The firm offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets. It currently has negative earnings. It provides industrial and rental fleet asset management products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customer's computer network or to a remotely hosted server; server software, which manages data communications between the system's database and wireless asset managers or on-asset hardware; and client software.

I.D. Systems, Inc. (NASDAQ:IDSY) Institutional Positions Chart

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