Ideal Power (NASDAQ:IPWR) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Ideal Power Inc. (NASDAQ:IPWR) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.96 and traded as low as $3.26. Ideal Power shares last traded at $3.49, with a volume of 44,602 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IPWR shares. Westpark Capital upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price on the stock in a report on Tuesday, November 11th. Wall Street Zen downgraded Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.75.

Ideal Power Price Performance

The company has a market cap of $29.70 million, a P/E ratio of -2.81 and a beta of 0.73. The company’s 50-day moving average price is $3.96 and its 200-day moving average price is $4.71.

Ideal Power (NASDAQ:IPWR) last announced its earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.02 million. Ideal Power had a negative return on equity of 80.27% and a negative net margin of 26,225.58%.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Ideal Power during the 2nd quarter worth approximately $54,000. Susquehanna International Group LLP acquired a new position in Ideal Power during the third quarter worth $132,000. Citadel Advisors LLC bought a new position in Ideal Power in the third quarter valued at $160,000. AMH Equity Ltd acquired a new stake in Ideal Power in the 3rd quarter valued at $785,000. Finally, Baird Financial Group Inc. increased its stake in Ideal Power by 3.1% in the 1st quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after buying an additional 8,713 shares during the last quarter. Institutional investors and hedge funds own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.