iPower (NASDAQ:IPW) Stock Price Up 4.6% – What’s Next?

iPower Inc. (NASDAQ:IPW)’s share price rose 4.6% on Tuesday . The stock traded as high as $1.2399 and last traded at $1.14. Approximately 1,801,218 shares changed hands during trading, an increase of 120% from the average daily volume of 820,210 shares. The stock had previously closed at $1.09.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of iPower from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

iPower Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.83 and a quick ratio of 1.38. The stock has a market capitalization of $1.45 million, a P/E ratio of -0.24 and a beta of 3.57. The company’s 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $7.91.

iPower (NASDAQ:IPW) last issued its quarterly earnings data on Friday, February 20th. The company reported ($1.08) earnings per share for the quarter. The firm had revenue of $7.13 million for the quarter. iPower had a negative return on equity of 26.09% and a negative net margin of 10.35%.

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.