Ideal Power (IPWR) Given Daily News Impact Score of 0.27
Headlines about Ideal Power (NASDAQ:IPWR) have been trending positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ideal Power earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.8212047617235 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Ideal Power (NASDAQ:IPWR) traded up $0.10 during mid-day trading on Friday, hitting $1.60. 29,331 shares of the stock traded hands, compared to its average volume of 123,735. Ideal Power has a 52-week low of $1.40 and a 52-week high of $4.02.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.05. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. The firm had revenue of $0.40 million for the quarter, compared to analyst estimates of $0.61 million. Ideal Power’s quarterly revenue was up .0% on a year-over-year basis. research analysts anticipate that Ideal Power will post -0.83 earnings per share for the current year.
Several equities research analysts have recently commented on IPWR shares. B. Riley reiterated a “buy” rating and set a $5.00 price objective on shares of Ideal Power in a research note on Monday, November 13th. Zacks Investment Research raised shares of Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a research note on Wednesday, November 15th. Roth Capital set a $2.00 price target on shares of Ideal Power and gave the stock a “hold” rating in a research report on Saturday, November 25th. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Ideal Power in a research report on Monday, November 13th. Finally, ValuEngine lowered shares of Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $4.13.
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About Ideal Power
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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