StockNews.com Begins Coverage on iPower (NYSE:IPW)

Equities researchers at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

iPower Stock Performance

NYSE:IPW opened at $0.47 on Thursday. The stock has a 50-day simple moving average of $0.58 and a 200-day simple moving average of $0.56. The stock has a market cap of $13.97 million, a P/E ratio of -1.87 and a beta of 2.80. iPower has a 1 year low of $0.40 and a 1 year high of $1.45.

iPower (NYSE:IPW) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $16.80 million for the quarter, compared to analyst estimates of $26.50 million. iPower had a negative return on equity of 37.62% and a negative net margin of 8.88%. On average, equities research analysts predict that iPower will post -0.2 EPS for the current year.

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.