Moreover, the 36-month beta value for IPW is 4.01. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IPW is 13.05M and currently, short sellers hold a 0.56% of that float. On September 30, 2024, IPW’s average trading volume was 214.25K shares.
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IPW) stock’s latest price update
The stock of iPower Inc (NASDAQ: IPW) has increased by 12.20 when compared to last closing price of 1.64.Despite this, the company has seen a gain of 43.75% in its stock price over the last five trading days. prnewswire.com reported 2024-09-26 that The Total Value of 5G-AI Contracts Currently in Process Exceeds $100 MM BEIJING, Sept. 26, 2024 /PRNewswire/ — Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a Nevada-based digital technology company focused on innovative high-tech intelligent acoustics and 5G AI multimodal digital technology, today announced the Company’s financial results for its fiscal year ended June 30, 2024, and provided an update on its strategic initiatives.
IPW’s Market Performance
IPW’s stock has risen by 43.75% in the past week, with a monthly rise of 38.35% and a quarterly drop of -11.54%. The volatility ratio for the week is 16.59% while the volatility levels for the last 30 days are 16.64% for iPower Inc The simple moving average for the past 20 days is 32.28% for IPW’s stock, with a 66.08% simple moving average for the past 200 days.
IPW Trading at 26.11% from the 50-Day Moving Average
After a stumble in the market that brought IPW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.59% of loss for the given period.
Volatility was left at 16.64%, however, over the last 30 days, the volatility rate increased by 16.59%, as shares surge +41.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.79% upper at present.
During the last 5 trading sessions, IPW rose by +43.75%, which changed the moving average for the period of 200-days by +253.85% in comparison to the 20-day moving average, which settled at $1.4180. In addition, iPower Inc saw 308.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IPW starting from TAN CHENLONG, who purchase 20,000 shares at the price of $1.54 back on May 21 ’24. After this action, TAN CHENLONG now owns 8,063,334 shares of iPower Inc, valued at $30,900 using the latest closing price.
Stock Fundamentals for IPW
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.46 for the gross margin
The net margin for iPower Inc stands at -0.02. The total capital return value is set at -0.03. Equity return is now at value -6.96, with -2.69 for asset returns.
Based on iPower Inc (IPW), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -1.22.
Currently, EBITDA for the company is 1.51 million with net debt to EBITDA at 3.92. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 1.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To wrap up, the performance of iPower Inc (IPW) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
