Ideal Power (IPWR) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media stories about Ideal Power (NASDAQ:IPWR) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ideal Power earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.6605273854411 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have recently commented on IPWR shares. ValuEngine upgraded shares of Ideal Power from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Ideal Power from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the company a “buy” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Ideal Power presently has a consensus rating of “Hold” and a consensus price target of $5.00.
Ideal Power (NASDAQ:IPWR) traded up 1.44% during midday trading on Wednesday, hitting $2.11. 41,615 shares of the stock were exchanged. Ideal Power has a 12 month low of $1.91 and a 12 month high of $5.04. The firm’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.39. The company’s market cap is $29.53 million.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%. The firm had revenue of $0.25 million for the quarter, compared to the consensus estimate of $0.51 million. On average, equities research analysts forecast that Ideal Power will post ($0.89) earnings per share for the current fiscal year.
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About Ideal Power
Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.
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