StockNews.com assumed coverage on shares of iPower (NYSE:IPW - Free Report) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.
Separately, Roth Mkm upped their target price on shares of iPower from $1.00 to $1.25 and gave the company a buy rating in a research note on Wednesday.
Read Our Latest Stock Analysis on IPW
iPower Stock Up 97.9 %
Shares of NYSE:IPW traded up $1.43 during trading on Friday, hitting $2.89. The stock had a trading volume of 10,730,151 shares, compared to its average volume of 566,146. The firm's fifty day moving average is $0.62 and its 200 day moving average is $0.59. The company has a market capitalization of $86.18 million, a PE ratio of -17.00 and a beta of 2.70. iPower has a 12 month low of $0.40 and a 12 month high of $3.48.
iPower (NYSE:IPW - Get Free Report) last released its earnings results on Tuesday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.11. iPower had a negative return on equity of 23.68% and a negative net margin of 5.74%. The business had revenue of $23.31 million for the quarter, compared to the consensus estimate of $18.60 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Equities research analysts expect that iPower will post -0.1 EPS for the current fiscal year.
About iPower
(
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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.
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