iPower Inc (NASDAQ: IPW) is -21.24% lower on its value in year-to-date trading and has touched a low of $0.41 and a high of $3.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IPW stock was last observed hovering at around $0.54 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $0.66, the stock is 25.94% and 24.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 21.43% at the moment leaves the stock -28.89% off its SMA200. IPW registered -74.28% loss for a year compared to 6-month loss of -21.73%. The firm has a 50-day simple moving average (SMA 50) of $0.52858 and a 200-day simple moving average (SMA200) of $0.922365.
The stock witnessed a 9.32% gain in the last 1 month and extending the period to 3 months gives it a 23.71%, and is 39.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.44% over the week and 7.19% over the month.
iPower Inc (IPW) has around 60 employees, a market worth around $20.57M and $74.11M in sales. Profit margin for the company is -2.01%. Distance from 52-week low is 59.01% and -82.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.41%).
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iPower Inc (IPW) Top Institutional Holders
18.0 institutions hold shares in iPower Inc (IPW), with institutional investors hold 8.70% of the company’s shares. The shares outstanding are 31.36M, and float is at 12.76M with Short Float at 2.78%. Institutions hold 3.61% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 1.46 million shares valued at $3.04 million. The investor’s holdings represent 4.8965% of the IPW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.44 million shares valued at $0.91 million to account for 1.4568 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.17 million shares representing 0.5655% and valued at over $0.35 million, while STATE STREET CORP holds 0.1741 of the shares totaling 52014.0 with a market value of $0.11 million.
iPower Inc (IPW) Insider Activity
The most recent transaction is an insider purchase by TAN CHENLONG, the company’s CEO & Chairman. SEC filings show that TAN CHENLONG bought 10,000 shares of the company’s common stock on Nov 26 ’24 at a price of $0.69 per share for a total of $6850.0. Following the purchase, the insider now owns 8.07 million shares.
