Media stories about Ideal Power (NASDAQ:IPWR) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded 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 0.20 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.8653169198633 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Ideal Power stock traded down $0.06 during trading on Monday, reaching $1.20. The company’s stock had a trading volume of 164,170 shares, compared to its average volume of 413,313. The stock has a market capitalization of $17.64, a price-to-earnings ratio of -1.54 and a beta of 1.11. Ideal Power has a 1-year low of $1.06 and a 1-year high of $3.29.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $0.24 million during the quarter, compared to analysts’ expectations of $0.71 million. Ideal Power had a negative return on equity of 71.09% and a negative net margin of 852.02%. equities research analysts forecast that Ideal Power will post -0.53 EPS for the current year.
A number of research analysts have recently issued reports on IPWR shares. Roth Capital reiterated a “hold” rating and issued a $1.00 price target on shares of Ideal Power in a report on Wednesday, March 7th. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Ideal Power in a report on Wednesday, March 7th. Zacks Investment Research downgraded Ideal Power from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, B. Riley downgraded Ideal Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $5.00 to $2.50 in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.00.
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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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