Investors sentiment decreased to 1 in 2019 Q2. Its down 0.50, from 1.5 in 2019Q1. It worsened, as 1 investors sold Ideal Power Inc. shares while 2 reduced holdings. 0 funds opened positions while 3 raised stakes. 2.70 million shares or 52.82% more from 1.77 million shares in 2019Q1 were reported.
Susquehanna Intll Group Llp stated it has 28,405 shares. Moreover, Morgan Stanley has 0% invested in Ideal Power Inc. (NASDAQ:IPWR). Northern Trust reported 19,926 shares stake. Cetera Advisor Ltd Liability holds 0% or 19,000 shares in its portfolio. Blackrock Inc holds 6,102 shares. Citadel Advisors Limited Co stated it has 0% of its portfolio in Ideal Power Inc. (NASDAQ:IPWR). Vanguard Gru reported 0% stake. Cullen Frost Bankers Inc has invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Geode Cap Management Ltd Liability Company has invested 0% in Ideal Power Inc. (NASDAQ:IPWR). Awm Invest, New York-based fund reported 2.43M shares. Aspiriant Limited Company accumulated 19,700 shares.
Since September 24, 2019, it had 1 buy, and 1 insider sale for $484,197 activity. AWM Investment Company – Inc. sold $15,803 worth of stock or 3,145 shares.
The stock of Ideal Power Inc. (IPWR) formed a down wedge with $2.33 target or 7.00 % below today’s $2.51 share price. The 5 months wedge indicates high risk for the $5.07 million company. If the $2.33 price target is reached, the company will be worth $354,760 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 increased 6.36% or $0.15 during the last trading session, reaching $2.51. About 28,834 shares traded. Ideal Power Inc. (NASDAQ:IPWR) has declined 60.64% since December 5, 2018 and is downtrending. It has underperformed by 60.64% the S&P500.
More notable recent Ideal Power Inc. (NASDAQ:IPWR) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: What Moved Markets This Week – Seeking Alpha” on September 28, 2019, also Seekingalpha.com with their article: “OPK, MDR among top premarket gainers – Seeking Alpha” published on October 21, 2019, Seekingalpha.com published: “BBBY, FSCT, PCG and RARX among midday movers – Seeking Alpha” on October 10, 2019. More interesting news about Ideal Power Inc. (NASDAQ:IPWR) were released by: Globenewswire.com and their article: “Ideal Power Announces Strategic Focus on B-TRANâ„¢ Solid State Switch Commercialization – GlobeNewswire” published on January 08, 2019 as well as Nasdaq.com‘s news article titled: “BUZZ-U.S. STOCKS ON THE MOVE-UnitedHealth, bank stocks, ReneSola – Nasdaq” with publication date: October 15, 2019.
Ideal Power Inc. develops power conversion solutions with a focus on commercial and industrial grid storage, combined solar and storage, and microgrid applications. The company has market cap of $5.07 million. The firm offers 30kW battery converters for the commercial and industrial grid-tied distributed energy storage market; 30kW grid-resilient alternating current – direct current (DC) power conversion system (PCS) with two-ports, as well as 30kW grid-resilient AC-DC-DC multi-port model; and 125kW grid-resilient AC-DC PCS. It currently has negative earnings. It also focuses on licensing its proprietary power conversion Power Packet Switching Architecture to original equipment manufacturers.
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