Ideal Power (NASDAQ:IPWR) Stock Breaks Below Two Hundred Day Moving Average - What's Next?

Key Points

• Ideal Power shares fell below their 200-day moving average, trading as low as $2.96 and closing near $2.98, down 7.2%. The stock’s 50-day and 200-day moving averages were $4.31 and $4.64, respectively.
• Analysts have a mixed outlook, with one Buy and one Sell rating producing a consensus “Hold” rating and a $10.75 target price.
• The company reported a quarterly loss of $0.20 per share, slightly better than estimates, but revenue of $0.01 million fell short of the $0.10 million forecast. Institutional investors own 16.37% of the stock, including new stakes from AWM Investment and Baird Financial.

Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.64 and traded as low as $2.96. Ideal Power shares last traded at $2.98, with a volume of 155,123 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on IPWR. Wall Street Zen upgraded Ideal Power from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings raised Ideal Power from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ideal Power presently has a consensus rating of "Hold" and a consensus target price of $10.75.

Ideal Power Trading Down 7.2%

The stock's 50-day moving average price is $4.31 and its 200-day moving average price is $4.64. The company has a market cap of $48.96 million, a P/E ratio of -2.81 and a beta of 1.88.

Ideal Power (NASDAQ:IPWR - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.03. The firm had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.10 million.

Hedge Funds Weigh In On Ideal Power

Several large investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. purchased a new position in Ideal Power during the 2nd quarter worth $7,216,000. AIGH Capital Management LLC grew its stake in shares of Ideal Power by 140.2% during the 1st quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company's stock worth $3,344,000 after acquiring an additional 689,707 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in shares of Ideal Power in the second quarter worth about $1,748,000. Institutional investors own 16.37% of the company's stock.

About Ideal Power

Ideal Power, Inc NASDAQ: IPWR is a semiconductor company focused on developing advanced power-management technologies. The company's primary technology is the bidirectional bipolar junction TRANsistor, or B-TRAN™, a solid-state power switch designed to conduct and block electrical current in both directions while aiming to reduce power losses and improve performance compared with conventional power-switching devices.

Ideal Power is developing B-TRAN-based products and modules for applications including electric-vehicle charging infrastructure, renewable-energy systems, energy storage, solid-state circuit breakers, industrial equipment, and other high-power electrical systems.

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