iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of iPower (NYSE:IPWFree Report) in a report published on Thursday. The brokerage issued a hold rating on the stock.

Separately, Roth Mkm boosted their target price on iPower from $1.00 to $1.25 and gave the stock a buy rating in a report on Wednesday, May 15th.

Read Our Latest Analysis on IPW

iPower Trading Down 1.1 %

Shares of iPower stock opened at $1.83 on Thursday. iPower has a 12 month low of $0.40 and a 12 month high of $3.65. The stock has a 50 day moving average of $1.46 and a 200 day moving average of $0.89. The firm has a market cap of $54.57 million, a PE ratio of -10.76 and a beta of 4.13.

iPower (NYSE:IPWGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.11. The business had revenue of $23.31 million for the quarter, compared to analysts’ expectations of $18.60 million. iPower had a negative return on equity of 23.68% and a negative net margin of 5.74%. During the same quarter last year, the firm earned ($0.05) EPS. As a group, equities research analysts forecast that iPower will post -0.1 earnings per share for the current fiscal year.

Insider Activity at iPower

In related news, CEO Chenlong Tan acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $1.54 per share, for a total transaction of $30,800.00. Following the completion of the purchase, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at approximately $12,417,534.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 27.63% of the stock is currently owned by corporate insiders.

iPower Company Profile

(Get Free Report)

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.

Further Reading

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