$510,000.00 in Sales Expected for Ideal Power Inc. (IPWR) This Quarter
Equities analysts expect that Ideal Power Inc. (NASDAQ:IPWR) will announce $510,000.00 in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Ideal Power’s earnings. The lowest sales estimate is $330,000.00 and the highest is $720,000.00. Ideal Power reported sales of $320,000.00 during the same quarter last year, which would suggest a positive year over year growth rate of 59.4%. The company is expected to announce its next earnings report after the market closes on Thursday, August 10th.
According to Zacks, analysts expect that Ideal Power will report full-year sales of $510,000.00 for the current financial year, with estimates ranging from $2.80 million to $5.79 million. For the next financial year, analysts forecast that the firm will post sales of $17.16 million per share, with estimates ranging from $13.00 million to $25.90 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Ideal Power.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Ideal Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Ideal Power from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, FBR & Co restated a “buy” rating and issued a $6.00 target price on shares of Ideal Power in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.38.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/11/510000-00-in-sales-expected-for-ideal-power-inc-ipwr-this-quarter.html.
An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp bought a new position in shares of Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned about 0.42% of Ideal Power as of its most recent filing with the SEC. Institutional investors own 26.78% of the company’s stock.
Shares of Ideal Power (NASDAQ:IPWR) opened at 2.16 on Friday. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The firm’s market capitalization is $30.23 million. The firm has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.50.
Ideal Power Company Profile
Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ideal Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power Inc. and related companies with MarketBeat.com's FREE daily email newsletter.