Ideal Power Inc. (IPWR) Stock Faces Higher Risks Forward After Forming Wedge Down Chart Pattern

December 7, 2017 - By Vivian Currie

Investors sentiment decreased to 0.75 in Q2 2017. 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.
Geode Capital Mngmt Ltd Com reported 59,328 shares stake. Vanguard Gru Inc reported 0% in Ideal Power Inc. (NASDAQ:IPWR). S Squared Technologies Limited Liability Corporation has invested 1.03% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Northern Tru holds 10,720 shares. Blackrock stated it has 33,451 shares. 21,647 are held by Thompson Davis. Gam Holdings Ag has 19,800 shares for 0% of their portfolio. Awm Inv reported 0.5% stake. Auxier Asset owns 0.01% invested in Ideal Power Inc. (NASDAQ:IPWR) for 14,383 shares. Bancshares Of Ny Mellon Corp invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Morgan Stanley accumulated 2,063 shares or 0% of the stock. Cetera Advisor Ntwk Ltd Company holds 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR) for 11,000 shares. King Luther Mgmt Corp holds 0% or 59,100 shares. Commonwealth Equity Serv holds 65,763 shares or 0% of its portfolio.

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. The rating was maintained by Roth Capital on Wednesday, November 22 with “Hold”. Oppenheimer initiated the stock with “Outperform” rating in Wednesday, October 21 report. TH Capital downgraded Ideal Power Inc. (NASDAQ:IPWR) on Thursday, January 19 to “Neutral” rating. The firm has “Neutral” rating given on Thursday, January 19 by Roth Capital. The stock of Ideal Power Inc. (NASDAQ:IPWR) earned “Buy” rating by H.C. Wainwright on Friday, August 11. FBR Capital initiated the stock with “Outperform” rating in Friday, November 18 report. The stock of Ideal Power Inc. (NASDAQ:IPWR) earned “Outperform” rating by Northland Capital on Wednesday, January 27. On Tuesday, January 26 the stock rating was initiated by H.C. Wainwright with “Buy”. Roth Capital maintained the stock with “Hold” rating in Friday, July 28 report. The company was reinitiated on Wednesday, August 5 by TH Capital.

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

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