Somewhat Positive News Coverage Somewhat Unlikely to Affect Ideal Power (IPWR) Stock Price
News stories about Ideal Power (NASDAQ:IPWR) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ideal Power earned a news impact score of 0.05 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.9567734854086 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Ideal Power Inc. (IPWR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- $610,000.00 in Sales Expected for Ideal Power Inc. (IPWR) This Quarter (americanbankingnews.com)
- When Will Ideal Power Inc (IPWR) Run Out Of Money? (finance.yahoo.com)
- Ideal Power, Inc. :IPWR-US: Earnings Analysis: Q2, 2017 By the Numbers : October 4, 2017 (finance.yahoo.com)
- -$0.21 EPS Expected for Ideal Power Inc. (IPWR) This Quarter (americanbankingnews.com)
Ideal Power (NASDAQ IPWR) opened at 2.43 on Friday. The firm has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.51. The firm’s market capitalization is $34.01 million. Ideal Power has a 12 month low of $1.91 and a 12 month high of $5.60.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The firm had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million. Ideal Power had a negative net margin of 895.37% and a negative return on equity of 95.52%. On average, equities analysts forecast that Ideal Power will post ($0.89) EPS for the current year.
A number of equities research analysts have recently weighed in on IPWR shares. Zacks Investment Research downgraded Ideal Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded Ideal Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, HC Wainwright set a $4.00 price target on Ideal Power and gave the stock a “buy” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.00.
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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