Ideal Power (NASDAQ:IPWR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Ideal Power Inc. (NASDAQ:IPWR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.90 and traded as low as $3.19. Ideal Power shares last traded at $3.30, with a volume of 62,189 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ideal Power from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ideal Power in a research note on Monday, December 29th. One research 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 presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Trading Up 3.4%

The firm’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.90. The firm has a market cap of $39.90 million, a P/E ratio of -2.84 and a beta of 1.16.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings data on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.10. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 91.56%.

Insiders Place Their Bets

In other news, CEO David M. Somo acquired 90,909 shares of Ideal Power stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $2.75 per share, with a total value of $249,999.75. Following the purchase, the chief executive officer directly owned 338,347 shares of the company’s stock, valued at $930,454.25. The trade was a 36.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.36% of the stock is owned by insiders.

Institutional Trading of Ideal Power

Several hedge funds have recently bought and sold shares of IPWR. AMH Equity Ltd acquired a new stake in Ideal Power during the 3rd quarter worth approximately $785,000. AWM Investment Company Inc. raised its holdings in Ideal Power by 21.7% during the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 140,349 shares during the period. Citadel Advisors LLC acquired a new stake in Ideal Power during the 3rd quarter worth approximately $160,000. Susquehanna International Group LLP acquired a new stake in Ideal Power during the 3rd quarter worth approximately $132,000. Finally, AlphaCore Capital LLC acquired a new stake in Ideal Power during the 4th quarter worth approximately $57,000. 16.37% of the stock is currently 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.