iPower Inc (NASDAQ: IPW) kicked off on Tuesday, up 2.96% from the previous trading day, before settling in for the closing price of $2.03. Over the past 52 weeks, IPW has traded in a range of $0.40-$3.48.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 42.26%. While this was happening, its average annual earnings per share was recorded 75.19%. With a float of $10.90 million, this company’s outstanding shares have now reached $29.71 million.
iPower Inc (IPW) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Internet Retail Industry. The insider ownership of iPower Inc is 63.43%, while institutional ownership is 2.82%. The most recent insider transaction that took place on May 21 ’24, was worth 30,900. In this transaction Chief Executive Officer of this company bought 20,000 shares at a rate of $1.54, taking the stock ownership to the 8,063,334 shares. Before that another transaction happened on Jun 02 ’23, when Company’s Chief Financial Officer bought 5,000 for $0.68, making the entire transaction worth $3,400. This insider now owns 22,000 shares in total.
iPower Inc (IPW) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.1 earnings per share (EPS), lower than consensus estimate (set at -0.03) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 75.19% per share during the next fiscal year.
iPower Inc (NASDAQ: IPW) Trading Performance Indicators
Take a look at iPower Inc’s (IPW) current performance indicators. Last quarter, stock had a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.69. Likewise, its price to free cash flow for the trailing twelve months is 10.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of iPower Inc (IPW)
The latest stats from [iPower Inc, IPW] show that its last 5-days average volume of 1.18 million was superior to 0.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 46.00%. Additionally, its Average True Range was 0.39.
During the past 100 days, iPower Inc’s (IPW) raw stochastic average was set at 54.87%, which indicates a significant increase from 52.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 387.69% in the past 14 days, which was higher than the 187.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.75, while its 200-day Moving Average is $0.65. Now, the first resistance to watch is $2.49. This is followed by the second major resistance level at $2.89. The third major resistance level sits at $3.11. If the price goes on to break the first support level at $1.87, it is likely to go to the next support level at $1.65. The third support level lies at $1.25 if the price breaches the second support level.
iPower Inc (NASDAQ: IPW) Key Stats
The company with the Market Capitalisation of 62.32 million has total of 29,818K Shares Outstanding. Its annual sales at the moment are 88,900 K in contrast with the sum of -11,970 K annual income. Company’s last quarter sales were recorded 23,310 K and last quarter income was 1,020 K.
