Ideal Power (NASDAQ:IPWR) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Ideal Power Inc. (NASDAQ:IPWR) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.75 and traded as high as $3.96. Ideal Power shares last traded at $3.70, with a volume of 103,274 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on IPWR. Westpark Capital raised Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price objective for the company in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Ideal Power to a “strong sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ideal Power has an average rating of “Hold” and a consensus target price of $10.75.

Ideal Power Trading Down 4.9%

The firm has a fifty day moving average price of $3.75 and a 200 day moving average price of $4.69. The firm has a market cap of $31.56 million, a PE ratio of -2.98 and a beta of 0.73.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Ideal Power during the second quarter worth $54,000. Susquehanna International Group LLP acquired a new stake in shares of Ideal Power during the 3rd quarter worth about $132,000. Citadel Advisors LLC purchased a new stake in Ideal Power in the 3rd quarter valued at about $160,000. AMH Equity Ltd purchased a new stake in Ideal Power in the 3rd quarter valued at about $785,000. Finally, Vanguard Group Inc. lifted its position in Ideal Power by 4.9% in the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after buying an additional 16,883 shares during the last quarter. 16.37% of the stock is currently owned by institutional investors and hedge funds.

About Ideal Power

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.