Wall Street Zen Upgrades iPower (NASDAQ:IPW) to “Sell”

iPower (NASDAQ:IPW) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, iPower presently has an average rating of “Sell”.

iPower Stock Performance

Shares of NASDAQ IPW opened at $0.51 on Friday. The firm’s 50 day moving average price is $2.21 and its 200-day moving average price is $12.83. The company has a market cap of $334,356.00, a PE ratio of -0.01 and a beta of 3.01. iPower has a 52-week low of $0.51 and a 52-week high of $277.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20.

iPower (NASDAQ:IPW) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($1.44) EPS for the quarter. The firm had revenue of $3.50 million for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. During the same quarter last year, the firm posted ($5.60) EPS.

Insiders Place Their Bets

In other iPower news, major shareholder Financial Lp Hrt bought 17,944 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was acquired at an average price of $2.08 per share, with a total value of $37,323.52. Following the transaction, the insider owned 80,088 shares in the company, valued at $166,583.04. This represents a 28.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 25.96% of the company’s stock.

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. 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.