iPower Inc. (NASDAQ:IPW – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 49,997 shares, a decrease of 77.6% from the October 15th total of 223,305 shares. Based on an average daily volume of 621,315 shares, the short-interest ratio is currently 0.1 days. Currently, 48.1% of the company’s shares are short sold.
iPower Price Performance
iPower stock opened at $1.29 on Thursday. The company’s 50 day simple moving average is $10.87 and its 200-day simple moving average is $753.76. The company has a market capitalization of $135,450.00, a price-to-earnings ratio of -0.00 and a beta of 3.24. iPower has a 1 year low of $1.25 and a 1 year high of $11,283.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47.
iPower (NASDAQ:IPW – Get Free Report) last posted its quarterly earnings data on Friday, October 2nd. The company reported ($462.24) earnings per share for the quarter. The company had revenue of $1.43 million for the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.
Wall Street Analyst Weigh In
IPW has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a report on Tuesday, October 13th. Wall Street Zen upgraded shares of iPower from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
iPower Company Profile
iPower Inc. (NASDAQ: IPW) is an e-commerce company focused on indoor gardening, hydroponics and related growing supplies. The company serves home gardeners, hobbyists and other consumers seeking equipment for controlled-environment cultivation. Its product offerings include grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, pumps, growing media, nutrients, containers and other gardening accessories. iPower sells products through its own online channels and third-party e-commerce marketplaces, including platforms such as Amazon and Walmart.
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