Ideal Power (NASDAQ:IPWR) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.98 and traded as low as $3.74. Ideal Power shares last traded at $3.93, with a volume of 25,751 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IPWR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, November 17th. Westpark Capital upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price on the stock in a research report on Tuesday, November 11th. Finally, Wall Street Zen lowered Ideal Power to a “strong sell” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Performance

The company’s 50-day moving average price is $5.00 and its 200 day moving average price is $4.98. The stock has a market capitalization of $33.45 million, a P/E ratio of -3.20 and a beta of 1.10.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The firm had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.02 million. Ideal Power had a negative return on equity of 66.48% and a negative net margin of 58,031.58%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Ideal Power in the 1st quarter worth approximately $54,000. Baird Financial Group Inc. lifted its holdings in shares of Ideal Power by 3.1% in the first quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock worth $1,493,000 after buying an additional 8,713 shares in the last quarter. LeConte Wealth Management LLC bought a new position in shares of Ideal Power during the first quarter worth $939,000. Vanguard Group Inc. grew its stake in Ideal Power by 4.9% during the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Ideal Power in the 3rd quarter valued at $160,000. 16.37% of the stock is owned by hedge funds and other institutional investors.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.