iPower (NYSE:IPW) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPWGet Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

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

Check Out Our Latest Stock Analysis on IPW

iPower Price Performance

IPW opened at $2.79 on Tuesday. iPower has a 12 month low of $0.40 and a 12 month high of $3.48. The stock has a market cap of $83.20 million, a P/E ratio of -16.41 and a beta of 4.08. The stock’s 50 day moving average price is $0.93 and its 200 day moving average price is $0.71.

iPower (NYSE:IPWGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. iPower had a negative return on equity of 23.68% and a negative net margin of 5.74%. The firm had revenue of $23.31 million for the quarter, compared to analysts’ expectations of $18.60 million. During the same period last year, the firm earned ($0.05) EPS. Equities analysts anticipate that iPower will post -0.1 EPS for the current year.

Insider Activity

In related news, CEO Chenlong Tan bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $1.54 per share, for a total transaction of $30,800.00. Following the acquisition, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at approximately $12,417,534.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 27.63% of the stock is owned by insiders.

iPower Company Profile

(Get Free Report)

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.

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