iPower (NASDAQ:IPW) Stock Price Up 5.2% – What’s Next?

Shares of iPower Inc. (NASDAQ:IPW) were up 5.2% on Thursday . The stock traded as high as $9.43 and last traded at $7.82. Approximately 519,386 shares traded hands during mid-day trading, an increase of 1,126% from the average daily volume of 42,367 shares. The stock had previously closed at $7.43.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IPW. Wall Street Zen raised iPower from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings started coverage on shares of iPower in a report on Tuesday, October 28th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, iPower presently has an average rating of “Sell”.

iPower Trading Down 10.9%

The stock’s fifty day moving average price is $9.86 and its two-hundred day moving average price is $15.14. The stock has a market capitalization of $7.32 million, a P/E ratio of -2.17 and a beta of 3.47.

iPower (NASDAQ:IPW) last issued its earnings results on Friday, November 14th. The company reported ($0.51) earnings per share (EPS) for the quarter. The firm had revenue of $12.02 million during the quarter. iPower had a negative return on equity of 17.67% and a negative net margin of 5.87%.

iPower Company Profile

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.