ASTS, LSDI and BTMD among pre-market losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
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Source: SeekingAlpha
- Stock Losers: FLJ Group Ltd (FLJ) -27%, Syra Health Corp (SYRA) -11%, iPower (IPW) -11%, Lucy Scientific Discovery (LSDI) -10%, AST SpaceMobile (ASTS) -8%, MDJM Ltd (MDJH) -9%, Bit Origin Ltd (BTOG) -8%, ATRenew (RERE) -7%, Koss Corp. (KOSS) -7%, biote Corp (BTMD) -6%.
- Biote Corp News: Includes Q1 2024 and Q4 2023 earnings call transcripts, definitive settlement with founder Gary Donovitz, agreement to resolve litigation with founder Gary Donovitz, and Seeking Alpha’s Quant Rating on BIOTE.
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Analyst Views on IPW
About IPW
iPower, Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. The Company's capabilities include a full spectrum of online channels, fulfilment capacity, a network of warehouses serving the United States, last mile delivery partners, and a business intelligence platform. It moves a diverse catalogue of stock-keeping units (SKUs) from its supply chain partners to end consumers. It is engaged in developing in-house branded products and through supply chain partners, which include iPower, Simple Deluxe, and other brands and consist of products, such as home goods, fans, pet products, gardening and consumer electronics, among others. It sells hydroponic gardening products that end users may purchase for use in a variety of industries or segments, including the growing of cannabis and hemp. It has established its own in-house branded products as well as third-party brands from supply chain partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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iPower Inc. Partners with Zyla to Expand U.S. E-Commerce Presence
- Channel Partnership Highlight: iPower was introduced as a U.S. retail channel partner at the Zyla conference, showcasing its expertise in helping brands expand their online sales presence, which is expected to enhance the company's influence in the U.S. e-commerce market.
- Platform Capability Enhancement: iPower's platform is designed to assist brands in scaling across major U.S. online channels through marketplace experience and value-added services, likely attracting more international merchants seeking to accelerate e-commerce growth.
- Supply Chain Collaboration Opportunities: Following the event, iPower has garnered interest from several supply chain partners, reflecting growing interest in its platform capabilities, which may lead to new collaboration opportunities and further strengthen its market position.
- Long-Term Strategic Evaluation: iPower is evaluating its operating and capital structure to maximize long-term shareholder value, indicating that the company will continue to seek complementary partnerships as it executes its long-term strategy.
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