iPower Inc. (NYSE:IPW) Forecasted to Post Q4 2024 Earnings of $0.01 Per Share

iPower Inc. (NYSE:IPW) – Investment analysts at Roth Capital issued their Q4 2024 earnings per share estimates for iPower in a report issued on Tuesday, June 25th. Roth Capital analyst S. Fortune anticipates that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for iPower’s current full-year earnings is ($0.10) per share. Roth Capital also issued estimates for iPower’s Q1 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.03 EPS.

A number of other equities analysts have also recently commented on IPW. StockNews.com began coverage on iPower in a report on Friday. They set a “hold” rating for the company. Roth Mkm lifted their price target on iPower from $1.25 to $2.75 and gave the stock a “buy” rating in a report on Tuesday.

iPower Stock Performance

iPower stock opened at $1.86 on Thursday. iPower has a 52 week low of $0.40 and a 52 week high of $3.65. The stock has a market capitalization of $55.47 million, a P/E ratio of -10.94 and a beta of 4.13. The stock has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $0.92.

iPower (NYSE:IPW) last released its earnings results on Tuesday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. iPower had a negative return on equity of 23.68% and a negative net margin of 5.74%. The business had revenue of $23.31 million for the quarter, compared to the consensus estimate of $18.60 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share.

Insider Transactions at iPower

In related news, CEO Chenlong Tan purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average cost of $1.54 per share, for a total transaction of $30,800.00. Following the completion of the purchase, the chief executive officer now owns 8,063,334 shares in the company, valued at approximately $12,417,534.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.