iPower (NASDAQ:IPW) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat, iPower currently has an average rating of “Sell”.

iPower Price Performance

Shares of NASDAQ:IPW opened at $0.59 on Friday. iPower has a 52 week low of $0.51 and a 52 week high of $2,095.20. The company has a 50-day moving average price of $2.08 and a 200 day moving average price of $29.49. The company has a market cap of $741,886.20, a P/E ratio of -0.00 and a beta of 2.96. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

iPower (NASDAQ:IPW) last released its earnings results on Friday, October 2nd. The company reported ($76.06) earnings per share (EPS) for the quarter. The business had revenue of $1.43 million for the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.

iPower Company Profile

iPower Inc (NASDAQ: IPW) is an e-commerce company that provides equipment and supplies for indoor gardening and hydroponic cultivation. Its product range includes grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, water pumps, environmental controls, nutrients, and related gardening accessories.

The company sells products through its own online channels and third-party e-commerce marketplaces, primarily serving customers in the United States. Its offerings are marketed under the iPower brand and other product brands, and are designed for home growers, hobbyists, and indoor-cultivation operators.

iPower was established in 2017 and became a publicly traded company on the Nasdaq in 2021.