Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ideal Power (IPWR) Share Price
Press coverage about Ideal Power (NASDAQ:IPWR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ideal Power earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 47.0803985483286 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- HC Wainwright Analysts Give Ideal Power Inc. (NASDAQ:IPWR) a $4.00 Price Target (americanbankingnews.com)
- Ideal Power Inc. (IPWR) Posts Earnings Results, Misses Expectations By $0.03 EPS (americanbankingnews.com)
- Ideal Power Inc. (NASDAQ:IPWR) Expected to Post Quarterly Sales of $510,000.00 (americanbankingnews.com)
- Ideal Power reports 2Q loss (finance.yahoo.com)
- Ideal Power Reports Second Quarter 2017 Financial Results (finance.yahoo.com)
Several equities analysts have issued reports on the stock. HC Wainwright set a $4.00 price objective on shares of Ideal Power and gave the company a “buy” rating in a report on Friday. ValuEngine raised shares of Ideal Power from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Ideal Power from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, FBR & Co reaffirmed a “buy” rating and set a $6.00 price objective on shares of Ideal Power in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Ideal Power has an average rating of “Hold” and a consensus target price of $5.10.
Shares of Ideal Power (NASDAQ:IPWR) opened at 2.31 on Tuesday. Ideal Power has a 12 month low of $1.91 and a 12 month high of $5.60. The stock has a 50 day moving average of $2.37 and a 200-day moving average of $2.50. The firm’s market capitalization is $32.33 million.
Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.03. Ideal Power had a negative return on equity of 102.50% and a negative net margin of 895.37%. The business had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.51 million. On average, equities research analysts anticipate that Ideal Power will post ($0.89) EPS for the current fiscal year.
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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