Polar Power Inc. (NASDAQ: POLA) is 141.26% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $9.30 in the current 52-week trading range. The POLA stock was last observed hovering at around $8.81 in the last trading session, with the day’s gains setting it 2.71% off its average median price target of $8.00 for the next 12 months. It is also -44.0% off the consensus price target high of $8.00 offered by 1 analysts, but current levels are -44.0% lower than the price target low of $8.00 for the same period.
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Currently trading at $11.52, the stock is 95.73% and 144.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.76 million and changing 30.76% at the moment leaves the stock 315.74% off its SMA200. POLA registered 331.46% gain for a year compared to 6-month gain of 230.09%. The firm has a 50-day simple moving average (SMA 50) of $5.47 and a 200-day simple moving average (SMA200) of $3.45.
The stock witnessed a 146.15% loss in the last 1 month and extending the period to 3 months gives it a 262.26%, and is 55.68% 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 27.85% over the week and 18.14% over the month.
Polar Power Inc. (POLA) has around 132 employees, a market worth around $109.90M and $7.40M in sales. Distance from 52-week low is 1112.63% and 23.87% 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.
Polar Power Inc. (POLA): Who are the competitors?
Novanta Inc. (NOVT) is 33.45% up on the 1-year trading charts. Short interest in the company’s stock has risen 7.44% from the last report on Nov 29, 2020 to stand at a total of 0.83 million short shares sold with a short interest ratio of 0.76.