Ideal Power (NASDAQ:IPWR) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.64 and traded as low as $2.96. Ideal Power shares last traded at $2.98, with a volume of 155,123 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Ideal Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Ideal Power from a “strong sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.75.

Ideal Power Price Performance

The stock has a market cap of $48.98 million, a P/E ratio of -2.81 and a beta of 1.88. The company has a fifty day moving average of $4.31 and a 200 day moving average of $4.64.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, August 13th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.10 million.

Institutional Trading of Ideal Power

Institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. acquired a new position in Ideal Power during the second quarter worth about $7,216,000. AIGH Capital Management LLC lifted its holdings 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 valued at $3,344,000 after acquiring an additional 689,707 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in Ideal Power in the 2nd quarter valued at about $1,748,000. Finally, SteelPeak Wealth LLC bought a new position in shares of Ideal Power during the 3rd quarter valued at about $88,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power, Inc (NASDAQ: IPWR) is a semiconductor company focused on developing advanced power-management technologies. The company’s primary technology is the bidirectional bipolar junction TRANsistor, or B-TRAN™, a solid-state power switch designed to conduct and block electrical current in both directions while aiming to reduce power losses and improve performance compared with conventional power-switching devices.

Ideal Power is developing B-TRAN-based products and modules for applications including electric-vehicle charging infrastructure, renewable-energy systems, energy storage, solid-state circuit breakers, industrial equipment, and other high-power electrical systems.