iPower (NASDAQ:IPW) Issues Quarterly Earnings Results

iPower (NASDAQ:IPW) released its earnings results on Friday. The company reported ($1.08) earnings per share (EPS) for the quarter, Zacks reports. iPower had a negative net margin of 5.87% and a negative return on equity of 17.67%. The business had revenue of $7.13 million during the quarter.

iPower Stock Performance

Shares of NASDAQ IPW traded down $0.11 during midday trading on Friday, reaching $3.25. The stock had a trading volume of 875,013 shares, compared to its average volume of 361,662. The company’s 50 day moving average price is $6.51 and its 200 day moving average price is $12.02. iPower has a twelve month low of $3.20 and a twelve month high of $34.65. The firm has a market cap of $3.72 million, a price-to-earnings ratio of -1.01 and a beta of 3.46.

Analysts Set New Price Targets

Several analysts have issued reports on IPW shares. Weiss Ratings started coverage on shares of iPower in a research report on Tuesday, October 28th. They issued a “sell (d-)” rating on the stock. Wall Street Zen raised iPower from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.