In the last trading session, 1,594,611 shares of the Polar Power, Inc.(NASDAQ:POLA) were traded, and its beta was 0.25. Most recently the company’s share price was $15.8, and it changed around $1.72 or 0.12% from the last close, which brings the market valuation of the company to $202.05 Million. POLA currently trades at a discount to its 52-week high of $30.82, offering almost -95.06% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 93.99% since then. We note from Polar Power, Inc.’s average daily trading volume that its 10-day average is 1.23 Million shares, with the 3-month average coming to 2.96 Million.
Polar Power, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended POLA as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Polar Power, Inc. is expected to report earnings per share of -$0.19 for the current quarter.
Polar Power, Inc. (NASDAQ:POLA): Trading Information
Instantly POLA has showed a green trend with a performance of 12.22% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $18.60 on Tuesday, Feb 16 increased the stock’s daily price by 15.05%. The company’s shares are currently up 2.31% year-to-date, but still down -0.1385 over the last five days. On the other hand, Polar Power, Inc. (NASDAQ:POLA) is 0.14% up in the 30-day period. We can see from the shorts that 1.03 Million shares have been sold at a short interest cover period of 0.35 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bears needing to increase their stock price by 58.23% from its current value. Analyst projections state that POLA is forecast to be at a low of $25 and a high of $25. In order for the stock price to hit the forecast high, the stock would need to surge +58.23% from its current level, while the stock would need to crash 58.23% from its current level to reach the projected low.
Polar Power, Inc. (POLA) projections and forecasts
Polar Power, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +823.98 percent over the past six months. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +59.6% in revenue this quarter, and will report a decline of -350% in the next quarter. The year-over-year growth rate is expected to be -64.1%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $2.5 Million in revenue for the current quarter. 1 analysts expect Polar Power, Inc. to make $3.8 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $878Million and $3Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 184.7%. Forecasts for the next quarter put sales growth at 26.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -53.5%. Polar Power, Inc. earnings are expected to decrease by -377.6% in 2021, but the outlook is negative 0% per year for the next five years.
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Polar Power, Inc. (NASDAQ:POLA)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 53.72% of Polar Power, Inc. shares, and 12.01% of them are in the hands of institutional investors. The stock currently has a share float of 25.96%. Polar Power, Inc. stock is held by 10 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 4.79% of the shares, which is about 576.3 Thousand shares worth $1.82 Million.
Arosa Capital Management LP, with 3.44% or 413.67 Thousand shares worth $1.31 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.