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IPOWER ( (IPW) ) has provided an update.
iPower Inc., through its subsidiary Dayourenzai (Shenzhen) Technology Co, Ltd., terminated its VIE agreement with Daheshou (Shenzhen) Information Technology Co., Ltd., a move aimed at streamlining operations and improving structural efficiency. This strategic decision reflects iPower’s ongoing efforts to simplify its operations in the PRC, as it transitions services previously managed by DHS to iPower and other contractors, with no expected material impact on its business or revenue streams.
The most recent analyst rating on (IPW) stock is a Buy with a $2.75 price target. To see the full list of analyst forecasts on IPOWER stock, see the IPW Stock Forecast page.
Spark’s Take on IPW Stock
According to Spark, TipRanks’ AI Analyst, IPW is a Neutral.
IPOWER’s overall stock score of 53 reflects its mixed financial performance, with significant profitability and cash flow challenges offset by recent positive earnings call outcomes. The technical analysis suggests a neutral trend, while the valuation metrics indicate potential overvaluation concerns. The company’s efforts to improve revenue and profitability, as highlighted in the earnings call, provide some optimism for future performance.
To see Spark’s full report on IPW stock, click here.
More about IPOWER
Average Trading Volume: 386,353
Technical Sentiment Signal: Sell
Current Market Cap: $18.22M
For an in-depth examination of IPW stock, go to TipRanks’ Overview page.