Polar Power Inc (NASDAQ:POLA) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $5.00 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 74 out of 256 based on the ratings given to related companies.
POLA has been the subject of a number of recent research reports. ValuEngine lowered Polar Power from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet lowered Polar Power from a “c-” rating to a “d” rating in a report on Tuesday, March 26th. Finally, Zacks Investment Research lowered Polar Power from a “hold” rating to a “strong sell” rating in a report on Saturday, May 4th.
NASDAQ:POLA opened at $4.60 on Friday. The stock has a market capitalization of $47.56 million, a price-to-earnings ratio of -57.50 and a beta of 0.25. The company has a fifty day moving average of $4.12. Polar Power has a 12-month low of $3.45 and a 12-month high of $6.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.83 and a current ratio of 6.55.
Polar Power (NASDAQ:POLA) last released its earnings results on Wednesday, May 15th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $7.75 million during the quarter, compared to analyst estimates of $6.50 million. Polar Power had a negative return on equity of 2.01% and a negative net margin of 1.68%. Equities analysts anticipate that Polar Power will post 0.1 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Polar Power stock. Granite Investment Partners LLC purchased a new position in shares of Polar Power Inc (NASDAQ:POLA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 80,919 shares of the utilities provider’s stock, valued at approximately $365,000. Granite Investment Partners LLC owned about 0.80% of Polar Power at the end of the most recent reporting period. 7.35% of the stock is currently owned by hedge funds and other institutional investors.
Polar Power Company Profile
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 in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.
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