iPower (NYSE:IPW) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

iPower Stock Performance

Shares of NYSE:IPW opened at $0.46 on Thursday. iPower has a 52-week low of $0.40 and a 52-week high of $1.45. The company has a market capitalization of $13.64 million, a P/E ratio of -1.83 and a beta of 2.80. The company has a 50-day simple moving average of $0.57 and a 200 day simple moving average of $0.56.

iPower (NYSE:IPW) last issued its earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $16.80 million during the quarter, compared to analyst estimates of $26.50 million. iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. As a group, equities analysts forecast that iPower will post -0.2 earnings per share for the current year.

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.