Polar Power Inc. (POLA) Volatility At 13.80%, Should You Add A Position?

Polar Power Inc. (NASDAQ: POLA) is 26.91% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $6.64 in the current 52-week trading range. The POLA stock was last observed hovering at around $6.06 in the last trading session, with the day’s gains setting it 1.4% off its average median price target of $8.00 for the next 12 months. It is also 6.75% off the consensus price target high of $8.00 offered by 1 analysts, but current levels are 6.75% higher than the price target low of $8.00 for the same period.

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Currently trading at $7.46, the stock is 52.04% and 78.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 23.10% at the moment leaves the stock 186.56% off its SMA200. POLA registered 124.44% gain for a year compared to 6-month gain of 81.98%. The firm has a 50-day simple moving average (SMA 50) of $4.83 and a 200-day simple moving average (SMA200) of $3.15.

The stock witnessed a 39.31% loss in the last 1 month and extending the period to 3 months gives it a 42.59%, and is 20.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.80% over the week and 14.17% over the month.

Polar Power Inc. (POLA) has around 132 employees, a market worth around $74.60M and $7.40M in sales. Distance from 52-week low is 685.26% and 12.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.40%).

Polar Power Inc. (POLA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Polar Power Inc. (POLA) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Polar Power Inc. is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $4M over the same period.The EPS is expected to shrink by -377.60% this year, but quarterly earnings will post -57.70% year-over-year. Quarterly sales are estimated to grow 355.60% in year-over-year returns.

Polar Power Inc. (POLA) Top Institutional Holders

10 institutions hold shares in Polar Power Inc. (POLA), with 6.26M shares held by insiders accounting for 53.72% while institutional investors hold 25.96% of the company’s shares. The shares outstanding are 11.32M, and float is at 5.39M with Short Float at 18.26%. Institutions hold 12.01% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.58 million shares valued at $1.82 million. The investor’s holdings represent 4.95% of the POLA Shares outstanding. As of Sep 29, 2020, the second largest holder is Arosa Capital Management LP with 0.41 million shares valued at $1.31 million to account for 3.55% of the shares outstanding. The other top investors are Bard Associates Inc. which holds 0.16 million shares representing 1.41% and valued at over $0.52 million, while CVI Holdings, LLC holds 1.07% of the shares totaling 0.13 million with a market value of $0.4 million.

Polar Power Inc. (POLA) Insider Activity

A total of 0 insider transactions have happened at Polar Power Inc. (POLA) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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Polar Power Inc. (POLA): Who are the competitors?

Novanta Inc. (NOVT) is 39.82% up on the 1-year trading charts. Short interest in the company’s stock has risen 24.52% from the last report on Nov 12, 2020 to stand at a total of 0.74 million short shares sold with a short interest ratio of 0.45.

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