Ideal Power (NASDAQ:IPWR) Stock Passes Above 50-Day Moving Average – Should You Sell?

Ideal Power Inc. (NASDAQ:IPWR) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.45 and traded as high as $6.33. Ideal Power shares last traded at $5.59, with a volume of 364,796 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Ideal Power from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ideal Power has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Trading Down 5.1%

The company has a market cap of $71.50 million, a price-to-earnings ratio of -4.70 and a beta of 1.77. The business’s 50 day moving average price is $5.45 and its 200-day moving average price is $4.17.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, May 14th. The industrial products company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.10). Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 94.92%.

Institutional Investors Weigh In On Ideal Power

Institutional investors have recently made changes to their positions in the company. AIGH Capital Management LLC increased its stake in shares of Ideal Power by 140.2% during the first quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company’s stock worth $3,344,000 after purchasing an additional 689,707 shares during the period. AWM Investment Company Inc. boosted its stake in Ideal Power by 21.7% in the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after purchasing an additional 140,349 shares during the period. AlphaCore Capital LLC bought a new stake in Ideal Power in the 4th quarter valued at $57,000. Susquehanna International Group LLP acquired a new position in Ideal Power in the 3rd quarter valued at $132,000. Finally, Citadel Advisors LLC acquired a new position in Ideal Power in the 3rd quarter valued at $160,000. Institutional investors own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.