iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of iPower (NYSE:IPW) in a report issued on Monday. The firm set a “hold” rating on the stock.

Separately, Roth Mkm lifted their target price on iPower from $1.00 to $1.25 and gave the company a “buy” rating in a research report on Wednesday, May 15th.

iPower Stock Up 36.2 %

Shares of IPW opened at $2.03 on Monday. iPower has a 12-month low of $0.40 and a 12-month high of $3.48. The firm has a market capitalization of $60.53 million, a PE ratio of -11.94 and a beta of 2.70. The stock’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.63.

iPower (NYSE:IPW) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. iPower had a negative net margin of 5.74% and a negative return on equity of 23.68%. The business had revenue of $23.31 million for the quarter, compared to analyst estimates of $18.60 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Analysts anticipate that iPower will post -0.1 EPS for the current year.

Insider Activity

In related news, CEO Chenlong Tan acquired 20,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of $1.54 per share, for a total transaction of $30,800.00. Following the purchase, the chief executive officer now directly owns 8,063,334 shares in the company, valued at $12,417,534.36. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 27.63% of the stock is currently owned by company insiders.

About iPower

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.