In this week’s analysis, a hard tested stock!
Aksjeanalyser.com takes a closer look at a stock on the Oslo Stock Exchange!
The stock has shown a very weak development over many years, but now the bottom may have been reached for this hard-tested stock!
(ticker on Oslo Stock Exchange: IDEX)
Several positive technical signals have been triggered recently for the IDEX stock, which now may have established a final bottom, and it may now move towards better times for the stock, according to Aksjeanalyser.com. Read more below under the technical analysis of IDEX Biometrics.
On December 5, IDEX completed a successful share issue, raising NOK 22 million, with several of the company’s insiders and largest shareholders taking up large parts of the issue at NOK 3.00 per share. This gives positive signals and indicates that the largest shareholders and insiders have great faith in the future development of the company and the share.
Briefly about the company
IDEX Biometrics (ticker on Oslo Stock Exchange: IDEX)
IDEX Biometrics ASA is engaged in the development and supply of technology for the imaging and recognition of fingerprints. The company offers off-chip fingerprint sensors and on-card enrollment solutions. The company was founded on July 24, 1996 and is headquartered in Fornebu, Norway.
Today (and after the latest share issue of NOK 22 million), the company has a market capitalization of around NOK 221 million.
For more information about the company, visit their website here
Technical Analysis of IDEX Biometrics
(ticker on Oslo Stock Exchange: IDEX)
The IDEX share has shown a weak development over several years, but now there are some signs that the bottom may finally be reached for IDEX.
The company has undergone a major turnaround, and last week it completed a share issue and raised NOK 22 million. There is now hope that the company can start delivering positive results from 2026.
The IDEX stock may have a very large potential in the future, as Aksjeanalyser.com sees it.
The stock has broken above the 50-day moving average, and has broken up from a rectangle formation (cf. day chart below).
Furthermore, the volume has increased considerably in the last six months compared to earlier, and this also provides positive signals for the future development of the IDEX share.
The next resistance level are now up towards the 200-day moving average (around NOK 4.00), and then there is some technical resistance around the NOK 4.30 level.
With an established break above the 200-day moving average and the NOK 4.30 level, the potential for the IDEX share would be all the way up to the NOK 10.00 level in 6-12 months.
The share is traded today, Tuesday morning 09/12, 2025, around NOK 3.50, so the potential for the share can be significant from the current level in 6-12 months’ time.
The BEST model in Vikingen is also in buy signal for IDEX Biometrics. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
Based on the overall technical picture that the IDEX share now shows, Aksjeanalyser.com considers the share to be a very exciting and interesting buy candidate at the current share price of around NOK 3.50.
What could possibly change the current positive technical picture shown by the share would be if it were to break down again, and below a now important and significant technical support level around NOK 3.30, and below the 50-day moving average (which is currently around NOK 3.00).
Latest news about the company, IDEX Biometrics
(ticker on Oslo Stock Exchange: IDEX)
Insider purchases and large shareholders are loading up on shares in the issue. This clearly gives positive signals for the coming price development of the IDEX share.
IDEX: MADE DIRECTED ISSUE OF 22M, COURSE 3
5 Dec. 06:20 ∙ TDN Finance
Oslo (Infront TDN Direkt): IDEX Biometrics has completed a NOK 22 million private placement through the issuance of 7,333,333 new shares at a price of NOK 3 per share, according to an announcement on Friday.
Several existing investors participated as indicated in advance. Anders Storbråten (privately and via Altea AS) subscribed for NOK 6.6 million, Robert Keith for NOK 6.4 million, Morten Opstad for NOK 0.5 million, and Kjell-Arne Besseberg for NOK 0.15 million.
The net proceeds will be used to accelerate the path to profitability, secure working capital, and cover investments and other company purposes, it is stated.
Idex Biometrics’ CEO and Chairman subscribed for shares in the directed share issue
Today 09/12-2025 at 09:31 ∙ Finwire
After the Oslo Stock Exchange closed on December 4, the Norwegian biometrics company Idex carried out a directed share issue of 7.33 million shares at a subscription price of NOK 3.00 per share, raising NOK 22 million before issue costs.
Idex’s Chairman of the Board and CEO participated and subscribed for shares in the directed share issue, according to a transparency announcement.
Chairman of the Board Morten Opstad subscribed for 100,000 shares and the associated company K-konsult subscribed for a further 83,333 shares.
CEO and CFO Anders Storbråten subscribed for 50,000 shares through the associated company Pinchcliff.
IDEX Biometrics ASA: Third Quarter 2025 Report
13 Nov. 07:31 ∙ MFN
We remain fully committed to delivering shareholder value and are proud of the significant progress achieved throughout our transformation from component supplier to product company. Q3 2025 marks the completion of this transition. We encourage you to visit our new website to learn more about the new IDEX and our world-class product line-up. https://idexbiometrics.com/
Q3 revenues were as expected; however, revenue is a lagging indicator. The leading indicators – customer validation, product certification completion, regulatory approvals, and order pipeline development – all moved in the right direction during Q3.
We continue to deliver against our previously communicated targets while we execute the strategy designed to generate the returns our investors deserve. We are grateful for your continued support and commitment during this period of strategic transition.
Since the Q3 closing of the books, IDEX has received contract orders from Toshiba, Emnovate, Advanced Card Systems, and more to follow in Q4.
Operating expenses, excluding Cost of materials and Depreciation, were $1.8 million (adjusted for R&D, it was $1.4 million) in the third quarter of 2025, down 59%, compared to $4.5 million in the third quarter of 2024.
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