Ideal Power Inc (NASDAQ:IPWR) was the target of a large increase in short interest in December. As of December 29th, there was short interest totalling 1,117,002 shares, an increase of 46.1% from the December 15th total of 764,421 shares. Based on an average daily trading volume, of 2,198,214 shares, the days-to-cover ratio is presently 0.5 days. Currently, 9.3% of the company’s stock are short sold.

Shares of Ideal Power (IPWR) opened at $1.28 on Wednesday. The stock has a market capitalization of $18.26, a P/E ratio of -1.33 and a beta of 1.39. Ideal Power has a 12-month low of $1.10 and a 12-month high of $3.59.

Ideal Power (NASDAQ:IPWR) last announced its earnings results on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The firm had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.61 million. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. The business’s revenue was up .0% compared to the same quarter last year. equities analysts predict that Ideal Power will post -0.83 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. Roth Capital set a $2.00 price target on Ideal Power and gave the company a “hold” rating in a research note on Saturday, November 25th. B. Riley reissued a “buy” rating on shares of Ideal Power in a research note on Wednesday, November 1st. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday, January 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Ideal Power in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Ideal Power presently has an average rating of “Hold” and a consensus target price of $4.08.

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About Ideal Power

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.

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