Ideal Power (NASDAQ:IPWR) Shares Cross Above 50 Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.45 and traded as high as $6.33. Ideal Power shares last traded at $5.59, with a volume of 364,796 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Ideal Power from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ideal Power presently has an average rating of “Hold” and a consensus price target of $10.75.

Ideal Power Stock Performance

The company has a 50-day moving average of $5.49 and a 200-day moving average of $4.19. The stock has a market capitalization of $64.72 million, a price-to-earnings ratio of -4.25 and a beta of 1.77.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, May 14th. The industrial products company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.10). Ideal Power had a negative return on equity of 94.92% and a negative net margin of 26,225.58%.

Institutional Investors Weigh In On Ideal Power

Several hedge funds have recently modified their holdings of IPWR. Jane Street Group LLC purchased a new position in shares of Ideal Power during the second quarter valued at approximately $54,000. Vanguard Group Inc. raised its holdings in Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Ideal Power during the 3rd quarter worth $160,000. Susquehanna International Group LLP purchased a new position in shares of Ideal Power during the 3rd quarter worth $132,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Ideal Power during the fourth quarter worth $57,000. 16.37% of the stock is owned by institutional investors and hedge funds.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.