What’s Next for Ideal Power Inc. (IPWR) After Forming Bearish Wedge Down?

December 7, 2017 - By Richard Conner

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.14, from 0.89 in 2017Q1. It turned negative, as 2 investors sold Ideal Power Inc. shares while 2 reduced holdings. 1 funds opened positions while 2 raised stakes. 2.38 million shares or 0.84% less from 2.40 million shares in 2017Q1 were reported.
Comml Bank Of Ny Mellon reported 29,309 shares. S Squared Techs Ltd Llc has 1.03% invested in Ideal Power Inc. (NASDAQ:IPWR). Awm Invest Co has invested 0.5% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Cetera Advisor Ltd Liability Corp reported 11,000 shares. Commonwealth Equity Serv stated it has 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Auxier Asset Mngmt reported 14,383 shares or 0.01% of all its holdings. Northern owns 10,720 shares or 0% of their US portfolio. King Luther holds 0% or 59,100 shares in its portfolio. Blackrock invested in 33,451 shares or 0% of the stock. Geode Capital Mngmt Lc owns 59,328 shares for 0% of their portfolio. Gam Hldg Ag has invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Morgan Stanley accumulated 0% or 2,063 shares. Vanguard Gp has invested 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Thompson Davis And Inc reported 0.07% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR).

The stock of Ideal Power Inc. (IPWR) formed a down wedge with $1.44 target or 5.00 % below today’s $1.52 share price. The 5 months wedge indicates high risk for the $21.27 million company. If the $1.44 price target is reached, the company will be worth $1.06 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 7.88% or $0.13 during the last trading session, reaching $1.52. About 115,341 shares traded or 17.66% up from the average. Ideal Power Inc. (NASDAQ:IPWR) has declined 42.18% since December 8, 2016 and is downtrending. It has underperformed by 58.88% the S&P500.

Analysts await Ideal Power Inc. (NASDAQ:IPWR) to report earnings on February, 26. They expect $-0.19 earnings per share, up 34.48 % or $0.10 from last year’s $-0.29 per share. After $-0.16 actual earnings per share reported by Ideal Power Inc. for the previous quarter, Wall Street now forecasts 18.75 % negative EPS growth.

Ideal Power Inc. (NASDAQ:IPWR) Ratings Coverage

Among 7 analysts covering Ideal Power (NASDAQ:IPWR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ideal Power had 15 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 10 by Northland Capital. The firm has “Outperform” rating given on Tuesday, February 28 by FBR Capital. The stock has “Outperform” rating by FBR Capital on Friday, November 18. The rating was maintained by Roth Capital with “Hold” on Wednesday, November 22. The firm has “Neutral” rating by TH Capital given on Thursday, January 19. H.C. Wainwright initiated Ideal Power Inc. (NASDAQ:IPWR) on Tuesday, January 26 with “Buy” rating. On Wednesday, October 21 the stock rating was initiated by Oppenheimer with “Outperform”. Rodman & Renshaw initiated the stock with “Buy” rating in Tuesday, January 26 report. Northland Capital reinitiated the stock with “Outperform” rating in Wednesday, January 27 report. The company was maintained on Friday, July 28 by Roth Capital.

More notable recent Ideal Power Inc. (NASDAQ:IPWR) news were published by: Globenewswire.com which released: “Ideal Power Reports Third Quarter 2017 Financial Results” on November 09, 2017, also Seekingalpha.com with their article: “Ideal Power’s (IPWR) CEO Daniel Brdar on Q3 2017 Results – Earnings Call …” published on November 10, 2017, Globenewswire.com published: “Ideal Power to Provide Over One Megawatt of its Stabilitiâ„¢ Power Conversion …” on July 20, 2017. More interesting news about Ideal Power Inc. (NASDAQ:IPWR) were released by: Globenewswire.com and their article: “Ideal Power Signs Master Purchase Agreement with NEXTracker for Solar-Plus …” published on July 10, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Ideal Power to separate role of chairman of board from role of CEO” with publication date: March 15, 2017.

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