iPower (NASDAQ:IPW) Raised to Sell at Wall Street Zen

iPower (NASDAQ:IPW) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

iPower Stock Performance

Shares of iPower stock opened at $0.68 on Friday. The company has a 50 day moving average of $2.17 and a 200-day moving average of $30.29. The company has a market cap of $856,170.00, a PE ratio of -0.00 and a beta of 2.96. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. iPower has a 1-year low of $0.53 and a 1-year high of $2,095.20.

iPower (NASDAQ:IPW) last released its earnings results on Friday, October 2nd. The company reported ($76.06) earnings per share for the quarter. The business had revenue of $1.43 million for the quarter. iPower had a negative return on equity of 47.96% and a negative net margin of 23.43%.

About iPower

iPower Inc (NASDAQ: IPW) is an e-commerce company that provides equipment and supplies for indoor gardening and hydroponic cultivation. Its product range includes grow lights, grow tents, ventilation and air-movement equipment, hydroponic systems, water pumps, environmental controls, nutrients, and related gardening accessories.

The company sells products through its own online channels and third-party e-commerce marketplaces, primarily serving customers in the United States. Its offerings are marketed under the iPower brand and other product brands, and are designed for home growers, hobbyists, and indoor-cultivation operators.

iPower was established in 2017 and became a publicly traded company on the Nasdaq in 2021.