Ideal Power (NASDAQ:IPWR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.42 and traded as low as $3.30. Ideal Power shares last traded at $3.31, with a volume of 11,781 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IPWR. Westpark Capital upgraded Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price for the company in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Ideal Power Trading Down 1.2%

The stock has a market cap of $28.23 million, a P/E ratio of -2.67 and a beta of 0.97. The stock has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $4.42.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. boosted its stake in shares of Ideal Power by 21.7% during the fourth 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 in the last quarter. Vanguard Group Inc. boosted its position in Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares during the period. AMH Equity Ltd bought a new stake in Ideal Power during the 3rd quarter worth approximately $785,000. Citadel Advisors LLC bought a new stake in Ideal Power during the 3rd quarter worth approximately $160,000. Finally, Susquehanna International Group LLP acquired a new position in Ideal Power in the 3rd quarter valued at approximately $132,000. 16.37% of the stock is currently owned by institutional investors and hedge funds.

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.