Ideal Power Inc (IPWR) Expected to Announce Quarterly Sales of $610,000.00
Analysts predict that Ideal Power Inc (NASDAQ:IPWR) will announce sales of $610,000.00 for the current quarter, Zacks reports. Six analysts have provided estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $1.10 million and the lowest estimate coming in at $380,000.00. Ideal Power reported sales of $440,000.00 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.6%. The business is scheduled to report its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Ideal Power will report full-year sales of $610,000.00 for the current financial year, with estimates ranging from $1.70 million to $3.50 million. For the next year, analysts expect that the company will post sales of $15.63 million per share, with estimates ranging from $12.08 million to $25.90 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Ideal Power.
Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.03). Ideal Power had a negative return on equity of 77.22% and a negative net margin of 1,267.05%. The firm had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.51 million.
Several equities analysts have recently weighed in on the company. HC Wainwright set a $4.00 price target on Ideal Power and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut Ideal Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, ValuEngine cut Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Ideal Power has an average rating of “Hold” and a consensus target price of $5.00.
Ideal Power (IPWR) traded up 3.70% during mid-day trading on Friday, reaching $2.52. The company’s stock had a trading volume of 47,645 shares. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.51. The firm’s market cap is $35.27 million. Ideal Power has a 12-month low of $1.91 and a 12-month high of $5.60.
An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new position in Ideal Power Inc (NASDAQ:IPWR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned approximately 0.42% of Ideal Power as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.01% of the company’s stock.
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Ideal Power Company Profile
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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