Ideal Power Inc. (NASDAQ:IPWR - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.89 and traded as high as $6.99. Ideal Power shares last traded at $6.83, with a volume of 35,562 shares.
Ideal Power Trading Up 7.2 %
The firm's 50-day moving average price is $6.89 and its 200-day moving average price is $7.35. The stock has a market capitalization of $55.65 million, a PE ratio of -4.88 and a beta of 1.05.
Insiders Place Their Bets
In related news, CEO Daniel Brdar purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the transaction, the chief executive officer now directly owns 179,526 shares in the company, valued at $1,060,998.66. This represents a 2.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.02% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Ideal Power
An institutional investor recently raised its position in Ideal Power stock. Geode Capital Management LLC lifted its holdings in Ideal Power Inc. (NASDAQ:IPWR - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,877 shares of the industrial products company's stock after buying an additional 9,075 shares during the quarter. Geode Capital Management LLC owned approximately 1.01% of Ideal Power worth $639,000 at the end of the most recent quarter. Institutional investors own 16.37% of the company's stock.
About Ideal Power
(
Get Free Report)
Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.
Further Reading
Before you consider Ideal Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ideal Power wasn't on the list.
While Ideal Power currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
