iPower (NASDAQ:IPW) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of iPower (NASDAQ:IPW – Free Report) from a strong sell rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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iPower Price Performance

iPower stock opened at $0.68 on Friday. The stock has a market capitalization of $856,170.00, a price-to-earnings ratio of -0.00 and a beta of 2.96. iPower has a 52-week low of $0.53 and a 52-week high of $2,095.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20. The stock’s 50 day moving average price is $2.17 and its two-hundred day moving average price is $30.88.

iPower (NASDAQ:IPW – Get Free Report) last released its quarterly earnings data on Friday, October 2nd. The company reported ($76.06) earnings per share for the quarter. The company had revenue of $1.43 million during the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%.

iPower Company Profile

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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.

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