iPower Inc (NASDAQ:IPW) Shares Jumped 16.59% In A Week. Can It Continue Rising?

NOVA

In last trading session, iPower Inc (NASDAQ:IPW) saw 0.26 million shares changing hands with its beta currently measuring 3.71. Company’s recent per share price level of $0.97 trading at $0.08 or 9.22% at ring of the bell on the day assigns it a market valuation of $30.52M. That closing price of IPW’s stock is at a discount of -276.29% from its 52-week high price of $3.65 and is indicating a premium of 58.76% from its 52-week low price of $0.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 85030.0 shares which gives us an average trading volume of 274.82K if we extend that period to 3-months.

iPower Inc (NASDAQ:IPW) trade information

Upright in the green during last session for gaining 9.22%, in the last five days IPW remained trading in the green while hitting it’s week-highest on Wednesday, 01/08/25 when the stock touched $0.97 price level, adding 3.0% to its value on the day. iPower Inc’s shares saw a change of 16.59% in year-to-date performance and have moved 16.59% in past 5-day. iPower Inc (NASDAQ:IPW) showed a performance of 29.28% in past 30-days. Number of shares sold short was 0.22 million shares which calculate 0.46 days to cover the short interests.

iPower Inc (NASDAQ:IPW)’s Major holders

Insiders are in possession of 58.33% of company’s total shares while institution are holding 2.85 percent of that, with stock having share float percentage of 6.83%. Investors also watch the number of corporate investors in a company very closely, which is 2.85% institutions for iPower Inc that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at IPW for having 1.46 million shares of worth $3.04 million. And as of 2024-06-30, it was holding 4.9058 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.44 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4596 of outstanding shares, having a total worth of $0.91 million.