iPower Inc. (NASDAQ:IPW – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 223,305 shares, a growth of 284.9% from the September 30th total of 58,011 shares. Based on an average trading volume of 8,425,225 shares, the short-interest ratio is currently 0.0 days. Currently, 17.8% of the company’s stock are short sold.
iPower Stock Performance
Shares of IPW stock traded down $0.08 during midday trading on Thursday, hitting $2.22. 58,726 shares of the company were exchanged, compared to its average volume of 97,150. The firm has a market capitalization of $233,100.00, a P/E ratio of -0.00 and a beta of 2.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $999.36. iPower has a 52 week low of $2.16 and a 52 week high of $16,545.60.
iPower (NASDAQ:IPW – Get Free Report) last announced its quarterly earnings results on Friday, October 2nd. The company reported ($912.68) EPS for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 47.96%. The company had revenue of $1.43 million during the quarter.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on IPW shares. Wall Street Zen upgraded iPower from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.
Read Our Latest Research Report on IPW
iPower Company Profile
iPower Inc (NASDAQ: IPW) is an e-commerce company focused on indoor gardening, hydroponics and related growing supplies. The company serves home gardeners, hobbyists and other consumers seeking equipment for controlled-environment cultivation.
Its product offerings include grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, pumps, growing media, nutrients, containers and other gardening accessories. iPower sells products through its own online channels and third-party e-commerce marketplaces, including platforms such as Amazon and Walmart.
Based in the United States, iPower primarily serves the North American consumer market.
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