iPower (NASDAQ:IPW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of iPower (NASDAQ:IPW) from a strong sell rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a research note on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, iPower currently has a consensus rating of “Sell”.

iPower Stock Performance

IPW stock opened at $0.53 on Friday. iPower has a one year low of $0.49 and a one year high of $277.20. The firm has a market cap of $351,054.00, a price-to-earnings ratio of -0.01 and a beta of 3.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20. The firm has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $12.50.

iPower (NASDAQ:IPW) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($1.44) earnings per share (EPS) for the quarter. The firm had revenue of $3.50 million during the quarter. iPower had a negative return on equity of 26.96% and a negative net margin of 23.43%.During the same quarter in the prior year, the firm posted ($5.60) earnings per share.

Insider Buying and Selling

In other iPower news, major shareholder Financial Lp Hrt purchased 17,944 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was bought at an average cost of $2.08 per share, for a total transaction of $37,323.52. Following the completion of the purchase, the insider owned 80,088 shares in the company, valued at $166,583.04. This represents a 28.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.96% of the company’s stock.

iPower Company Profile

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.