Now Is The Time To Build A Position In iPower Inc (NASDAQ:IPW)

iPower Inc (NASDAQ:IPW)’s traded shares stood at 0.21 million during the latest session, with the company’s beta value hitting 3.99. At the last check today, the stock’s price was $2.01, to imply a decrease of -3.37% or -$0.07 in intraday trading. The IPW share’s 52-week high remains $3.65, putting it -81.59% down since that peak but still an impressive 80.1% since price per share fell to its 52-week low of $0.40. The company has a valuation of $63.17M, with an average of 0.66 million shares in intraday trading volume over the past 10 days and average of 262.91K shares over the past 3 months.

iPower Inc (NASDAQ:IPW) trade information

After registering a -3.37% downside in the latest session, iPower Inc (IPW) has traded red over the past five days. The 5-day price performance for the stock is 9.24%, and 74.78% over 30 days. With these gigs, the year-to-date price performance is 346.67%. Short interest in iPower Inc (NASDAQ:IPW) saw shorts transact 73586.0 shares and set a 0.73 days time to cover.

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iPower Inc (IPW) estimates and forecasts

Looking at statistics comparing iPower Inc share performance against respective industry, we note that the company has outperformed competitors. iPower Inc (IPW) shares are 356.82% up over the last 6 months, with its year-to-date growth rate higher than industry average at 1,400.00% against -1.00%. Revenue is forecast to grow 150.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 7.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 20.9M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 19.2M.

IPW Dividends

iPower Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

iPower Inc (NASDAQ:IPW)’s Major holders

iPower Inc insiders hold 58.34% of total outstanding shares, with institutional holders owning 7.30% of the shares at 17.52% float percentage. In total, 7.30% institutions holds shares in the company, led by ARMISTICE CAPITAL, LLC. As of 2024-06-30, the company held over 1.46 million shares (or 4.9058% of shares), all amounting to roughly $3.04 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.44 million shares, or about 1.4596% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.91 million.