iPower (NYSE:IPW) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

iPower Stock Performance

IPW opened at $0.46 on Thursday. The stock has a market cap of $13.64 million, a price-to-earnings ratio of -1.83 and a beta of 2.80. iPower has a 1 year low of $0.40 and a 1 year high of $1.45. The stock has a fifty day moving average price of $0.57 and a 200 day moving average price of $0.56.

iPower (NYSE:IPW) last posted its earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. The company had revenue of $16.80 million for the quarter, compared to the consensus estimate of $26.50 million. As a group, sell-side analysts forecast that iPower will post -0.2 earnings per share for the current fiscal year.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.