Ideal Power Inc. (IPWR) Draws Bearish Attention After Forming Bearish Wedge Down Chart Pattern

December 7, 2017 - By Hazel Jackson

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.
Gam Holdings Ag has 19,800 shares for 0% of their portfolio. King Luther accumulated 59,100 shares. Vanguard holds 0% or 128,343 shares in its portfolio. 575,720 are held by S Squared Technologies Limited Liability Company. Geode Ltd holds 59,328 shares. 65,763 were reported by Commonwealth Equity. Thompson Davis & Com holds 0.07% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR) for 21,647 shares. Morgan Stanley invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Cetera Advisor Lc reported 0% in Ideal Power Inc. (NASDAQ:IPWR). Northern Trust has invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Blackrock Inc holds 33,451 shares or 0% of its portfolio. Auxier Asset Management has 0.01% invested in Ideal Power Inc. (NASDAQ:IPWR). National Bank Of Ny Mellon has invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Awm Inv Com Inc reported 1.35M shares.

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 rating was maintained by Northland Capital with “Buy” on Friday, November 10. The rating was initiated by H.C. Wainwright on Tuesday, January 26 with “Buy”. As per Thursday, January 19, the company rating was downgraded by Roth Capital. Rodman & Renshaw initiated Ideal Power Inc. (NASDAQ:IPWR) on Tuesday, January 26 with “Buy” rating. Oppenheimer maintained it with “Buy” rating and $400 target in Friday, August 11 report. The company was initiated on Wednesday, October 21 by Oppenheimer. The company was maintained on Tuesday, February 28 by FBR Capital. The company was maintained on Friday, July 28 by Roth Capital. The stock of Ideal Power Inc. (NASDAQ:IPWR) has “Buy” rating given on Wednesday, August 5 by TH Capital. The company was maintained on Wednesday, November 22 by Roth Capital.

More notable recent Ideal Power Inc. (NASDAQ:IPWR) news were published by: Reuters.com which released: “BRIEF-Ideal Power to separate role of chairman of board from role of CEO” on March 15, 2017, also Seekingalpha.com with their article: “Ideal Power’s (IPWR) CEO Dan Brdar on Q1 2017 Results – Earnings Call Transcript” published on May 12, 2017, Globenewswire.com published: “Ideal Power Reports Third Quarter 2017 Financial Results” on November 09, 2017. More interesting news about Ideal Power Inc. (NASDAQ:IPWR) were released by: Seekingalpha.com and their article: “Ideal Power’s (IPWR) CEO Daniel Brdar on Q3 2017 Results – Earnings Call …” published on November 10, 2017 as well as Globenewswire.com‘s news article titled: “Ideal Power to Provide Over One Megawatt of its Stabilitiâ„¢ Power Conversion …” with publication date: July 20, 2017.

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