StockNews.com initiated coverage on shares of iPower (NYSE:IPW – Free Report) in a research report report published on Thursday morning. The brokerage issued a hold rating on the stock.
iPower Stock Performance
Shares of NYSE IPW opened at $0.46 on Thursday. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $1.45. The company’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $0.56.
iPower (NYSE:IPW – Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. The business had revenue of $16.80 million for the quarter, compared to the consensus estimate of $26.50 million. On average, research analysts anticipate that iPower will post -0.2 EPS for the current year.
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.
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