Ideal Power Inc (NASDAQ:IPWR) shares saw unusually-strong trading volume on Monday . Approximately 1,040,000 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 1,180,000 shares.The stock last traded at $1.29 and had previously closed at $1.29.
Several equities research analysts have recently weighed in on IPWR shares. B. Riley reissued a “buy” rating on shares of Ideal Power in a report on Wednesday, November 1st. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Ideal Power in a report on Monday, November 13th. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Wednesday, November 15th. Finally, Roth Capital set a $2.00 price objective on Ideal Power and gave the company a “hold” rating in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Ideal Power has a consensus rating of “Hold” and an average target price of $4.08.
The stock has a market cap of $18.05, a P/E ratio of -1.34 and a beta of 1.17.
Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. The business had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.61 million. The business’s revenue for the quarter was up .0% compared to the same quarter last year. analysts expect that Ideal Power Inc will post -0.83 EPS for the current year.
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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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