Roth Mkm Increases iPower (NYSE:IPW) Price Target to $2.75

iPower (NYSE:IPW) had its price target raised by Roth Mkm from $1.25 to $2.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 60.82% from the stock’s previous close.

Separately, StockNews.com began coverage on shares of iPower in a research note on Thursday, June 20th. They issued a “hold” rating for the company.

iPower Trading Down 1.7 %

iPower stock opened at $1.71 on Tuesday. iPower has a 12-month low of $0.40 and a 12-month high of $3.65. The stock has a market cap of $50.99 million, a P/E ratio of -10.06 and a beta of 4.13. The company has a 50-day moving average price of $1.54 and a 200 day moving average price of $0.91.

iPower (NYSE:IPW) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. iPower had a negative net margin of 5.74% and a negative return on equity of 23.68%. The business had revenue of $23.31 million during the quarter, compared to analyst estimates of $18.60 million. During the same quarter last year, the firm posted ($0.05) earnings per share. As a group, analysts forecast that iPower will post -0.1 EPS for the current year.

Insider Activity

In other news, CEO Chenlong Tan purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average price of $1.54 per share, for a total transaction of $30,800.00. Following the completion of the purchase, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at $12,417,534.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.63% of the company’s stock.

iPower Company Profile

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.