iPower Inc. (NYSE:IPW) to Post Q4 2024 Earnings of $0.01 Per Share, Roth Capital Forecasts

iPower Inc. (NYSE:IPW) – Equities research analysts at Roth Capital issued their Q4 2024 earnings per share (EPS) estimates for shares of iPower in a research report issued on Tuesday, June 25th. Roth Capital analyst S. Fortune forecasts that the company will post earnings per share of $0.01 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.

Several other research firms have also weighed in on IPW. Roth Mkm boosted their price target on iPower from $1.25 to $2.75 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com started coverage on iPower in a research note on Friday. They issued a “hold” rating for the company.

iPower Stock Up 11.8 %

NYSE:IPW opened at $2.08 on Thursday. The firm has a market capitalization of $62.03 million, a price-to-earnings ratio of -12.23 and a beta of 4.13. iPower has a twelve month low of $0.40 and a twelve month high of $3.65. The stock’s 50 day moving average price is $1.60 and its two-hundred day moving average price is $0.93.

iPower (NYSE:IPW) last announced 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 analyst estimates of $18.60 million. During the same quarter last year, the firm earned ($0.05) EPS.

Insider Buying and Selling at iPower

In related news, CEO Chenlong Tan acquired 20,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of $1.54 per share, with a total value of $30,800.00. Following the acquisition, the chief executive officer now directly owns 8,063,334 shares of the company’s stock, valued at $12,417,534.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 27.63% of the company’s stock.

About iPower

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.