Ideal Power (IPWR) Hits New 12-Month Low at $0.60
Ideal Power Inc (NASDAQ:IPWR)’s share price reached a new 52-week low on Monday . The stock traded as low as $0.60 and last traded at $0.61, with a volume of 100 shares changing hands. The stock had previously closed at $0.61.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Ideal Power from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine raised Ideal Power from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. B. Riley set a $2.00 target price on Ideal Power and gave the company a “hold” rating in a research report on Tuesday, August 14th. Finally, HC Wainwright set a $2.00 target price on Ideal Power and gave the company a “buy” rating in a research report on Tuesday, August 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $1.44.
The stock has a market cap of $8.71 million, a price-to-earnings ratio of -0.79 and a beta of 0.86.
About Ideal Power (NASDAQ:IPWR)
Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.
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