Ideal Power (NASDAQ:IPWR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.49 and traded as low as $3.78. Ideal Power shares last traded at $3.79, with a volume of 29,632 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IPWR. Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. Westpark Capital raised Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price target for the company in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ideal Power has an average rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Performance

The firm has a market cap of $32.33 million, a price-to-earnings ratio of -3.06 and a beta of 0.97. The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $4.49.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.02 million.

Institutional Trading of Ideal Power

Several large investors have recently modified their holdings of IPWR. AMH Equity Ltd acquired a new stake in Ideal Power during the third quarter worth about $785,000. Jane Street Group LLC bought a new stake in shares of Ideal Power during the second quarter worth $54,000. Citadel Advisors LLC bought a new stake in Ideal Power during the 3rd quarter worth $160,000. Vanguard Group Inc. grew its holdings in shares of Ideal Power by 4.9% during the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after purchasing an additional 16,883 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Ideal Power during the 3rd quarter worth approximately $132,000. 16.37% of the stock is owned by institutional investors and hedge funds.

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.