Ideal Power Inc. (IPWR)’s Stock Formed A Several Months Wedge Down Pattern

December 7, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.14, from 0.89 in 2017Q1. It dived, 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.
33,451 were reported by Blackrock. Cetera Advisor Netwr Limited holds 0% in Ideal Power Inc. (NASDAQ:IPWR) or 11,000 shares. Geode Cap Limited holds 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR) for 59,328 shares. Commonwealth Equity reported 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Morgan Stanley stated it has 2,063 shares or 0% of all its holdings. Vanguard Grp Inc holds 0% or 128,343 shares in its portfolio. Financial Bank Of Ny Mellon invested in 0% or 29,309 shares. 1.35 million were reported by Awm Inv Com Inc. S Squared Technologies Limited Liability Com reported 575,720 shares. Auxier Asset Management reported 14,383 shares stake. 19,800 are owned by Gam Holding Ag. King Luther Capital Corp holds 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR) for 59,100 shares. Thompson Davis And owns 21,647 shares. Northern Trust holds 10,720 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 EPS, up 34.48 % or $0.10 from last year’s $-0.29 per share. After $-0.16 actual EPS 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. TH Capital downgraded the stock to “Neutral” rating in Thursday, January 19 report. On Tuesday, January 26 the stock rating was initiated by Rodman & Renshaw with “Buy”. The stock of Ideal Power Inc. (NASDAQ:IPWR) earned “Outperform” rating by FBR Capital on Friday, November 18. The rating was reinitiated by TH Capital with “Buy” on Wednesday, August 5. H.C. Wainwright maintained Ideal Power Inc. (NASDAQ:IPWR) rating on Friday, August 11. H.C. Wainwright has “Buy” rating and $400 target. The rating was maintained by Oppenheimer with “Buy” on Friday, August 11. The company was initiated on Tuesday, January 26 by H.C. Wainwright. The stock of Ideal Power Inc. (NASDAQ:IPWR) has “Neutral” rating given on Thursday, January 19 by Roth Capital. The firm has “Buy” rating given on Friday, November 10 by Northland Capital. The rating was maintained by FBR Capital with “Outperform” on Tuesday, February 28.

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

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