Financial Lp Hrt Purchases 17,944 Shares of iPower (NASDAQ:IPW) Stock

iPower Inc. (NASDAQ:IPW) major shareholder Financial Lp Hrt bought 17,944 shares of iPower stock in a transaction dated Monday, July 6th. The shares were bought at an average cost of $2.08 per share, for a total transaction of $37,323.52. Following the completion of the acquisition, the insider owned 80,088 shares in the company, valued at $166,583.04. This represents a 28.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, July 7th, Financial Lp Hrt sold 12,940 shares of iPower stock. The shares were sold at an average price of $1.78, for a total value of $23,033.20.

iPower Price Performance

IPW traded up $0.07 on Thursday, hitting $1.64. 235,143 shares of the stock were exchanged, compared to its average volume of 269,597. iPower Inc. has a 12 month low of $1.54 and a 12 month high of $277.20. The business has a 50-day moving average of $4.04 and a two-hundred day moving average of $21.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81. The firm has a market capitalization of $1.08 million, a price-to-earnings ratio of -0.03 and a beta of 2.91.

iPower (NASDAQ:IPW) last released its earnings results on Wednesday, May 20th. The company reported ($1.44) EPS for the quarter. The firm had revenue of $3.50 million during the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. During the same quarter in the prior year, the company posted ($5.60) earnings per share.

Wall Street Analyst Weigh In

IPW has been the subject of several research analyst reports. Wall Street Zen upgraded shares of iPower from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

iPower Company Profile

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.