Ideal Power (NASDAQ:IPWR) Stock Crosses Above 50 Day Moving Average – Here’s Why

Ideal Power Inc. (NASDAQ:IPWR) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.70 and traded as high as $5.45. Ideal Power shares last traded at $5.19, with a volume of 238,177 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IPWR. Westpark Capital raised shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price for the company in a report on Tuesday, November 11th. Wall Street Zen lowered Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.75.

Ideal Power Trading Up 3.2%

The stock has a 50-day moving average price of $3.70 and a 200 day moving average price of $4.57. The stock has a market capitalization of $44.27 million, a price-to-earnings ratio of -4.19 and a beta of 0.96.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). Ideal Power had a negative return on equity of 80.27% and a negative net margin of 26,225.58%.The business had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $0.02 million.

Institutional Investors Weigh In On Ideal Power

A number of institutional investors have recently added to or reduced their stakes in the stock. AMH Equity Ltd acquired a new position in Ideal Power during the third quarter worth $785,000. Susquehanna International Group LLP purchased a new stake in shares of Ideal Power during the third quarter worth about $132,000. Citadel Advisors LLC acquired a new position in shares of Ideal Power during the 3rd quarter worth about $160,000. Vanguard Group Inc. raised its position in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after purchasing an additional 16,883 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Ideal Power in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.