iPower (NASDAQ:IPW – Get Free Report) posted its quarterly earnings results on Friday, October 2nd. The company reported ($462.24) EPS for the quarter, reports. The firm had revenue of $1.43 million during the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.
iPower Stock Performance
NASDAQ:IPW traded down $0.45 during midday trading on Friday, reaching $1.77. 80,679 shares of the company traded hands, compared to its average volume of 97,091. The firm has a market capitalization of $194,700.00, a price-to-earnings ratio of -0.00 and a beta of 2.96. The company has a fifty day moving average price of $15.33 and a 200 day moving average price of $969.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47. iPower has a twelve month low of $1.57 and a twelve month high of $14,247.36.
Analysts Set New Price Targets
A number of research analysts have commented on IPW shares. Wall Street Zen raised iPower from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on IPW
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.
Based in the United States, iPower primarily serves the North American consumer market.
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