Ideal Power (NASDAQ:IPWR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Ideal Power Inc. (NASDAQ:IPWR) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.37 and traded as low as $3.68. Ideal Power shares last traded at $3.87, with a volume of 63,913 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ideal Power in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ideal Power presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Ideal Power Price Performance

The firm has a market cap of $68.80 million, a price-to-earnings ratio of -3.52 and a beta of 1.81. The firm has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $4.38.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, May 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.10).

Institutional Investors Weigh In On Ideal Power

A number of large investors have recently made changes to their positions in IPWR. AIGH Capital Management LLC raised its stake in Ideal Power by 140.2% in the 1st quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company’s stock worth $3,344,000 after acquiring an additional 689,707 shares during the last quarter. AWM Investment Company Inc. grew its stake in Ideal Power by 21.7% during the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after purchasing an additional 140,349 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Ideal Power by 4.9% in the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 16,883 shares during the period. Citadel Advisors LLC purchased a new position in shares of Ideal Power in the third quarter worth about $160,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Ideal Power in the third quarter worth about $132,000. 16.37% of the stock is owned by hedge funds and other institutional investors.

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.