Polar Power Inc (NASDAQ: POLA) is 36.26% higher on its value in year-to-date trading and has touched a low of $0.32 and a high of $1.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The POLA stock was last observed hovering at around $0.62 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.56, the stock is 23.42% and 36.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing -10.68% at the moment leaves the stock -35.08% off its SMA200. POLA registered -54.51% loss for a year compared to 6-month loss of -47.14%. The firm has a 50-day simple moving average (SMA 50) of $1.03 and a 200-day simple moving average (SMA200) of -$4.76.
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The stock witnessed a 42.67% gain in the last 1 month and extending the period to 3 months gives it a 33.41%, and is 20.23% 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 12.55% over the week and 12.23% over the month.
Polar Power Inc (POLA) has around 113 employees, a market worth around $9.75M and $18.05M in sales. Profit margin for the company is -26.24%. Distance from 52-week low is 73.44% and -70.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.95%).
Polar Power Inc quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 8.33% this year
23 institutions hold shares in Polar Power Inc (POLA), with institutional investors hold 29.92% of the company’s shares. The shares outstanding are 12.95M, and float is at 11.88M with Short Float at 3.41%. Institutions hold 19.95% of the Float.
The top institutional shareholder in the company is Bard Associates Inc. with over 0.27 million shares valued at $0.35 million. The investor’s holdings represent 2.08% of the POLA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.24 million shares valued at $0.31 million to account for 1.82% of the shares outstanding. The other top investors are Blackrock Inc. which holds 85896.0 shares representing 0.66% and valued at over $0.11 million, while Geode Capital Management, LLC holds 0.56% of the shares totaling 71932.0 with a market value of $94230.0.
