News headlines about Ideal Power (NASDAQ:IPWR) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media 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 one, with scores closest to one being the most favorable. Ideal Power earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.5061298188038 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.
IPWR has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Ideal Power from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Roth Capital set a $2.00 target price on shares of Ideal Power and gave the stock a “hold” rating in a research report on Saturday, November 25th. B. Riley downgraded shares of Ideal Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $2.50 in a research report on Wednesday, March 7th. Finally, HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Ideal Power in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $3.00.
Ideal Power (NASDAQ:IPWR) traded down $0.03 during trading hours on Thursday, hitting $1.17. 190,860 shares of the stock traded hands, compared to its average volume of 346,955. The company has a market capitalization of $16.38, a P/E ratio of -1.46 and a beta of 1.12. Ideal Power has a one year low of $1.06 and a one year high of $3.59.
Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings data on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. Ideal Power had a negative net margin of 852.02% and a negative return on equity of 66.57%. The business had revenue of $0.24 million during the quarter, compared to the consensus estimate of $0.71 million. equities research analysts expect that Ideal Power will post -0.53 EPS for the current year.
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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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