Analysts Provide Their Views On iPower Inc (IPW)

iPower Inc (NASDAQ:IPW) at last check was buoying at $1.82 on Friday, May 24 with a rise of 22.15% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $1.49. Considering stock’s 52-week price range provides that IPW hit a high price of $3.48 and saw its price falling to a low level of $0.40 during that period. Over a period of past 1-month, stock came adding 295.65% in its value.

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With its current market valuation of $54.27 million. Analysts are in estimates of 0.0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.1 for current year with estimates of that growing to 0.01 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 20.2M. They suggested that in the process company could generate revenue of as low as 20.2M which could climb up to 20.2M to hit a high. The average estimate is representing a decrease of -13.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 86.9M in current fiscal year, which will be -2.30% less from revenue generated by the company last year.

In contrast, when we review IPW stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the IPW stock which is currently positioned at 0. It further provides that stock’s current price level is 84.67% away from its 20-day simple moving average and is 161.07% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 62.23 while volatility remained at 57.63% over the past week which changes to 25.38% when measuring it over the past month. Beta is valued at 3.42, while measure of average true range or ATR is currently at 0.37.

Having a second look at iPower Inc (NASDAQ:IPW) provides that stock’s average daily trading volume for 3 months was 443.31K. Number of outstanding shares of the stock stood at 29.71 million.

The percentage of outstanding shares held by the insiders is 63.37% while it is 2.82% for the institutional holders. Addition of 304.44% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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