Polar Power (NASDAQ:POLA) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price target of $6.00 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 100 out of 265 based on the ratings given to its competitors.
POLA has been the topic of several analyst reports. ValuEngine downgraded shares of Polar Power from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd. Zacks Investment Research upgraded shares of Polar Power from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, TheStreet upgraded shares of Polar Power from a “d” rating to a “c-” rating in a research note on Thursday, April 12th.
POLA traded up $0.16 during midday trading on Monday, reaching $6.04. The company’s stock had a trading volume of 25,745 shares, compared to its average volume of 18,120. The stock has a market cap of $62.08 million, a PE ratio of -75.50 and a beta of -0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.17 and a current ratio of 15.85. Polar Power has a 1 year low of $6.07 and a 1 year high of $6.14.
Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Thursday, March 8th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). The business had revenue of $3.98 million during the quarter, compared to analysts’ expectations of $4.50 million. Polar Power had a negative return on equity of 3.29% and a negative net margin of 5.39%. equities research analysts predict that Polar Power will post 0.15 EPS for the current year.
A hedge fund recently raised its stake in Polar Power stock. Perritt Capital Management Inc. boosted its stake in shares of Polar Power (NASDAQ:POLA) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,300 shares of the utilities provider’s stock after purchasing an additional 30,000 shares during the period. Perritt Capital Management Inc. owned about 1.70% of Polar Power worth $863,000 at the end of the most recent reporting period. 6.96% of the stock is currently owned by institutional investors and hedge funds.
About Polar Power
Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.
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