StockNews.com began coverage on shares of iPower (NYSE:IPW – Free Report) in a research note released on Friday morning. The brokerage issued a hold rating on the stock.
iPower Stock Up 1.0 %
Shares of IPW opened at $0.53 on Friday. iPower has a 12-month low of $0.40 and a 12-month high of $1.45. The firm has a market capitalization of $15.80 million, a price-to-earnings ratio of -2.12 and a beta of 2.70. The stock’s 50-day moving average price is $0.55 and its 200 day moving average price is $0.56.
iPower (NYSE:IPW – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. The business had revenue of $16.80 million for the quarter, compared to analyst estimates of $26.50 million. Equities research analysts expect that iPower will post -0.2 EPS for the current year.
About iPower
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.
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