iPower (NASDAQ:IPW) Stock Price Up 3.8% – Should You Buy?

Shares of iPower Inc. (NASDAQ:IPW) were up 3.8% on Friday . The stock traded as high as $4.64 and last traded at $4.34. Approximately 125,910 shares were traded during trading, a decline of 54% from the average daily volume of 273,432 shares. The stock had previously closed at $4.18.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IPW. Wall Street Zen upgraded shares of iPower from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings started coverage on shares of iPower in a research report on Tuesday, October 28th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

iPower Stock Performance

The business has a 50 day moving average of $8.41 and a two-hundred day moving average of $13.63. The firm has a market capitalization of $4.99 million, a price-to-earnings ratio of -1.35 and a beta of 3.47.

iPower (NASDAQ:IPW) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.51) earnings per share (EPS) for the quarter. iPower had a negative net margin of 5.87% and a negative return on equity of 17.67%. The business had revenue of $12.02 million during the quarter.

iPower Company Profile

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.