iPower (NASDAQ:IPW) Major Shareholder Financial Lp Hrt Sells 12,940 Shares of Stock

iPower Inc. (NASDAQ:IPW) major shareholder Financial Lp Hrt sold 12,940 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $1.78, for a total value of $23,033.20. Following the completion of the transaction, the insider directly owned 67,148 shares of the company’s stock, valued at approximately $119,523.44. This trade represents a 16.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 6th, Financial Lp Hrt purchased 17,944 shares of iPower stock. The stock was acquired at an average cost of $2.08 per share, for a total transaction of $37,323.52.

iPower Price Performance

IPW stock traded up $0.07 during midday trading on Thursday, hitting $1.64. The company’s stock had a trading volume of 235,143 shares, compared to its average volume of 269,597. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. iPower Inc. has a 12 month low of $1.54 and a 12 month high of $277.20. The company has a 50 day moving average of $4.04 and a two-hundred day moving average of $21.05. The firm has a market capitalization of $1.08 million, a price-to-earnings ratio of -0.03 and a beta of 2.91.

iPower (NASDAQ:IPW) last released its earnings results on Wednesday, May 20th. The company reported ($1.44) EPS for the quarter. iPower had a negative return on equity of 26.96% and a negative net margin of 23.43%.The company had revenue of $3.50 million during the quarter. During the same quarter in the previous year, the business earned ($5.60) earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a report on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, iPower has a consensus rating of “Sell”.

iPower Company Profile

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.