Polar Power Inc (NASDAQ: POLA) Up Almost 42.67% In One Month, Long Term Looking Good

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Polar Power Inc (NASDAQ:POLA)’s traded shares stood at 0.15 million during the last session, with the company’s beta value hitting 0.84. At the close of trading, the stock’s price was $0.56, to imply a decrease of -10.68% or -$0.06 in intraday trading. The POLA share’s 52-week high remains $1.88, putting it -235.71% down since that peak but still an impressive 42.86% since price per share fell to its 52-week low of $0.32. The company has a valuation of $9.75M, with an average of 0.19 million shares in intraday trading volume over the past 10 days and average of 113.80K shares over the past 3 months.

Polar Power Inc (NASDAQ:POLA) trade information

After registering a -10.68% downside in the last session, Polar Power Inc (POLA) has traded red over the past five days. The stock hit a weekly high of 0.6300, dropping -10.68% in its intraday price action. The 5-day price performance for the stock is 20.23%, and 42.67% over 30 days. With these gigs, the year-to-date price performance is 36.26%. Short interest in Polar Power Inc (NASDAQ:POLA) saw shorts transact 0.41 million shares and set a 2.97 days time to cover.

POLA Dividends

Polar Power Inc has its next earnings report out between March 29 and April 02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Polar Power Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Polar Power Inc (NASDAQ:POLA)’s Major holders

Polar Power Inc insiders hold 33.32% of total outstanding shares, with institutional holders owning 19.95% of the shares at 29.92% float percentage. In total, 19.95% institutions holds shares in the company, led by Bard Associates Inc.. As of Jun 29, 2023, the company held over 0.27 million shares (or 2.08% of shares), all amounting to roughly $0.35 million.

The next major institution holding the largest number of shares is Vanguard Group Inc with 0.24 million shares, or about 1.82% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $0.31 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Polar Power Inc (POLA) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 0.16 million shares. This is just over 1.21% of the total shares, with a market valuation of $0.2 million. Data from the same date shows that the other fund manager holds a little less at 80105.0, or 0.62% of the shares, all valued at about 0.1 million.