Armistice Capital LLC acquired a new position in iPower Inc. (NYSE:IPW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,463,000 shares of the company's stock, valued at approximately $3,043,000. Armistice Capital LLC owned 4.66% of iPower as of its most recent SEC filing.
Separately, Renaissance Technologies LLC grew its holdings in iPower by 197.8% during the 2nd quarter. Renaissance Technologies LLC now owns 41,100 shares of the company's stock valued at $85,000 after buying an additional 27,300 shares in the last quarter. Institutional investors own 2.73% of the company's stock.
iPower Stock Performance
Shares of IPW stock opened at $1.67 on Friday. iPower Inc. has a 52-week low of $0.40 and a 52-week high of $3.65. The firm has a market capitalization of $52.44 million, a P/E ratio of -9.65 and a beta of 3.99. The stock has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.34.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Roth Mkm lifted their target price on iPower from $1.25 to $2.75 and gave the stock a "buy" rating in a report on Tuesday, June 25th. StockNews.com cut iPower from a "buy" rating to a "hold" rating in a report on Saturday, September 21st.
View Our Latest Report on IPW
About iPower
(
Free Report)
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.
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