Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ideal Power (IPWR) Stock Price

News coverage about Ideal Power (NASDAQ:IPWR) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ideal Power earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0370891693819 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

IPWR has been the subject of several recent analyst reports. Zacks Investment Research lowered Ideal Power from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Roth Capital set a $2.00 price target on Ideal Power and gave the stock a “hold” rating in a research report on Saturday, November 25th. B. Riley lowered Ideal Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $2.50 in a research report on Wednesday, March 7th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Ideal Power in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Ideal Power has a consensus rating of “Hold” and an average price target of $3.00.

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Shares of Ideal Power stock traded up $0.06 during trading hours on Friday, reaching $1.20. The company’s stock had a trading volume of 511,034 shares, compared to its average volume of 314,123. Ideal Power has a fifty-two week low of $1.06 and a fifty-two week high of $3.51. The stock has a market cap of $16.80, a price-to-earnings ratio of -1.50 and a beta of 1.13.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. Ideal Power had a negative return on equity of 66.57% and a negative net margin of 852.02%. The business had revenue of $0.24 million during the quarter, compared to analyst estimates of $0.71 million. sell-side analysts anticipate that Ideal Power will post -0.53 EPS for the current fiscal year.

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About Ideal Power

Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.

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