Ideal Power Inc. (NASDAQ:IPWR) Given Average Rating of “Hold” by Brokerages

Ideal Power Inc. (NASDAQ:IPWR) has been given an average rating of “Hold” by the six analysts that are presently covering the company, reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.00.

IPWR has been the topic of several research reports. FBR & Co restated a “buy” rating and set a $6.00 price target on shares of Ideal Power in a report on Monday, May 15th. ValuEngine cut Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut Ideal Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, HC Wainwright set a $4.00 price target on Ideal Power and gave the stock a “buy” rating in a report on Friday.

Ideal Power (NASDAQ IPWR) traded up 3.24% during midday trading on Tuesday, hitting $2.23. 188,562 shares of the stock traded hands. The company has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.50. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The firm’s market cap is $31.21 million.

Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.03. Ideal Power had a negative net margin of 895.37% and a negative return on equity of 102.50%. The business had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million. Analysts predict that Ideal Power will post ($0.86) EPS for the current year.

An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned about 0.42% of Ideal Power at the end of the most recent reporting period. 26.78% of the stock is currently owned by institutional investors.

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Ideal Power Company Profile

Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.

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