Ideal Power Inc. (NASDAQ:IPWR) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $5.00.
IPWR has been the subject of several research analyst reports. ValuEngine cut Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research cut Ideal Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, HC Wainwright set a $4.00 price objective on Ideal Power and gave the stock a “buy” rating in a research report on Friday, August 11th.
Shares of Ideal Power (NASDAQ:IPWR) opened at 2.69 on Wednesday. The firm’s market cap is $37.65 million. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The stock has a 50 day moving average price of $2.52 and a 200-day moving average price of $2.54.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.03). Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%. The business had revenue of $0.25 million for the quarter, compared to analyst estimates of $0.51 million. On average, equities research analysts expect that Ideal Power will post ($0.89) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned 0.42% of Ideal Power as of its most recent SEC filing. 17.01% of the stock is currently owned by hedge funds and other institutional investors.
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Ideal Power Company Profile
Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.
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