iPower (NASDAQ:IPW – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 15th. Analysts expect iPower to post earnings of ($0.06) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
iPower (NASDAQ:IPW – Get Rating) last issued its earnings results on Tuesday, February 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). The company had revenue of $19.26 million during the quarter, compared to analyst estimates of $24.30 million. iPower had a negative net margin of 8.47% and a negative return on equity of 15.34%. On average, analysts expect iPower to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
iPower Stock Performance
Shares of iPower stock opened at $0.62 on Friday. The firm has a market cap of $16.42 million, a PE ratio of -2.38 and a beta of 2.29. The firm’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.17. iPower has a 1 year low of $0.35 and a 1 year high of $1.40.
Wall Street Analysts Forecast Growth
Institutional Investors Weigh In On iPower
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in iPower by 21.6% during the third quarter. Vanguard Group Inc. now owns 430,507 shares of the company’s stock worth $289,000 after acquiring an additional 76,583 shares during the period. Millennium Management LLC acquired a new stake in iPower during the second quarter worth about $52,000. Finally, Renaissance Technologies LLC acquired a new stake in iPower during the first quarter worth about $61,000. Institutional investors and hedge funds own 1.85% of the company’s stock.
iPower Inc operates as an online retailer and supplier of hydroponics equipment and accessories for commercial businesses and individuals in the United States. It offers advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening; 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.
- Get a free copy of the StockNews.com research report on iPower (IPW)
- An Updraft Is Brewing For DraftKings
- PepsiCo Hits “Sweet Spot” For APAC Growth, Macros Agree
- High-Risk Mullen Automotive Continues To Build Momentum
- 3 Recession-Proof Stocks With Nice Dividends
- Oracle Stock Climbs For Third Month, Still In Buy Range
Receive News & Ratings for iPower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPower and related companies with MarketBeat.com's FREE daily email newsletter.