Ideal Power (NASDAQ:IPWR) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.90 and traded as low as $3.19. Ideal Power shares last traded at $3.30, with a volume of 62,189 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on IPWR shares. Wall Street Zen cut Ideal Power from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Ideal Power has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Trading Up 5.5%

The company has a 50-day moving average of $3.21 and a 200-day moving average of $3.89. The company has a market capitalization of $42.07 million, a price-to-earnings ratio of -3.00 and a beta of 1.16.

Ideal Power (NASDAQ:IPWR) last announced its earnings results on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.10. Ideal Power had a negative return on equity of 91.56% and a negative net margin of 26,225.58%.

Insider Buying and Selling

In related news, CEO David M. Somo bought 90,909 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $249,999.75. Following the purchase, the chief executive officer directly owned 338,347 shares of the company’s stock, valued at approximately $930,454.25. This trade represents a 36.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.36% of the stock is owned by company insiders.

Institutional Trading of Ideal Power

A number of institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. boosted its stake in Ideal Power by 21.7% in the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock worth $2,429,000 after purchasing an additional 140,349 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Ideal Power in the 4th quarter valued at $57,000. Susquehanna International Group LLP acquired a new position in shares of Ideal Power in the 3rd quarter valued at $132,000. Citadel Advisors LLC acquired a new position in shares of Ideal Power in the 3rd quarter valued at $160,000. Finally, Vanguard Group Inc. increased its position in shares of Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares during the period. 16.37% of the stock is currently owned by institutional investors and hedge funds.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.