iPower (NASDAQ:IPW) Stock Price Up 3.8% – What’s Next?

Shares of iPower Inc. (NASDAQ:IPW) shot up 3.8% during mid-day trading on Friday . The company traded as high as $4.64 and last traded at $4.34. 125,910 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 273,432 shares. The stock had previously closed at $4.18.

Analyst Ratings Changes

Several equities analysts recently weighed in on IPW shares. Wall Street Zen upgraded shares of iPower from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Weiss Ratings assumed coverage on shares of iPower in a research note on Tuesday, October 28th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

iPower Stock Performance

The stock has a market cap of $4.99 million, a P/E ratio of -1.35 and a beta of 3.47. The stock has a 50-day moving average price of $8.41 and a 200-day moving average price of $13.63.

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

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.