In the latest trading session, 0.68 million iPower Inc (NASDAQ:IPW) shares changed hands as the company’s beta touched 4.03. With the company’s most recent per share price at $2.03 changing hands around $0.22 or 12.15% at last look, the market valuation stands at $63.80M. IPW’s current price is a discount, trading about -79.8% off its 52-week high of $3.65. The share price had its 52-week low at $0.40, which suggests the last value was 80.3% up since then. When we look at iPower Inc’s average trading volume, we note the 10-day average is 0.65 million shares, with the 3-month average coming to 231.99K.
iPower Inc (NASDAQ:IPW) trade information
Instantly IPW is in green as seen in intraday trades today. With action 43.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 351.11%, with the 5-day performance at 43.97% in the green. However, in the 30-day time frame, iPower Inc (NASDAQ:IPW) is 57.36% up. Looking at the short shares, we see there were 73586.0 shares sold at short interest cover period of 0.73 days.
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iPower Inc (IPW) estimates and forecasts
Data shows that the iPower Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 291.89% over the past 6 months, a 1,400.00% in annual growth rate that is considerably higher than the industry average of -0.90%. Year-over-year growth is forecast to reach 7.20% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 20.9M. 1 analysts are of the opinion that iPower Inc’s revenue for the current quarter will be 19.2M. The company’s revenue for the corresponding quarters a year ago was 24.3M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -14.00%.
The 2024 estimates are for iPower Inc earnings to increase by 1400.00%.
IPW Dividends
iPower Inc is expected to release its next quarterly earnings report on 2024-Sep-19.
iPower Inc (NASDAQ:IPW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 58.34% of iPower Inc shares while 7.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.52%. There are 7.30% institutions holding the iPower Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 4.9058% of the shares, roughly 1.46 million IPW shares worth $3.04 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.4596% or 0.44 million shares worth $0.91 million as of 2024-06-30.
