Ideal Power Inc. (NASDAQ:IPWR) has been given a $14.00 price objective by investment analysts at Roth Capital in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Roth Capital’s price target would indicate a potential upside of 221.10% from the company’s previous close.
Separately, Zacks Investment Research cut Ideal Power from a “buy” rating to a “hold” rating in a research note on Monday, October 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.42.
Ideal Power (NASDAQ:IPWR) traded down 1.13% during midday trading on Wednesday, hitting $4.36. The stock had a trading volume of 4,180 shares. The stock has a 50-day moving average of $4.78 and a 200-day moving average of $4.90. The firm’s market cap is $41.67 million. Ideal Power has a 52 week low of $3.73 and a 52 week high of $8.55.
Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.01. Ideal Power had a negative return on equity of 85.08% and a negative net margin of 504.67%. Analysts forecast that Ideal Power will post ($1.15) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Ideal Power by 1,584.4% in the second quarter. BlackRock Fund Advisors now owns 21,560 shares of the company’s stock worth $106,000 after buying an additional 20,280 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Ideal Power by 13.6% in the second quarter. Commonwealth Equity Services Inc now owns 37,600 shares of the company’s stock worth $185,000 after buying an additional 4,501 shares during the period. GAM Holding AG raised its stake in shares of Ideal Power by 9.0% in the third quarter. GAM Holding AG now owns 36,409 shares of the company’s stock worth $188,000 after buying an additional 3,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Ideal Power by 0.7% in the second quarter. Vanguard Group Inc. now owns 138,596 shares of the company’s stock worth $683,000 after buying an additional 900 shares during the period. Finally, S Squared Technology LLC raised its stake in shares of Ideal Power by 8.3% in the second quarter. S Squared Technology LLC now owns 586,704 shares of the company’s stock worth $2,892,000 after buying an additional 44,904 shares during the period. 30.30% of the stock is owned by hedge funds and other institutional investors.
About Ideal Power