iPower (NASDAQ:IPW) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of iPower (NASDAQ:IPW) from a strong sell rating to a sell rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, iPower has a consensus rating of “Sell”.

iPower Price Performance

NASDAQ:IPW opened at $0.51 on Friday. The business’s 50-day moving average price is $2.21 and its 200 day moving average price is $13.11. The firm has a market cap of $334,356.00, a P/E ratio of -0.01 and a beta of 2.91. iPower has a 52-week low of $0.51 and a 52-week high of $277.20. 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 (NASDAQ:IPW) last issued its quarterly 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 business had revenue of $3.50 million during the quarter. During the same quarter in the previous year, the business posted ($5.60) EPS.

Insider Activity

In related news, major shareholder Financial Lp Hrt bought 17,944 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average cost of $2.08 per share, for a total transaction of $37,323.52. Following the acquisition, the insider directly owned 80,088 shares of the company’s stock, valued at $166,583.04. The trade was a 28.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 25.96% of the stock is owned by insiders.

About iPower

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.