Polar Power Inc (NASDAQ:POLA) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1 year consensus price target of $5.00 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 161 out of 256 based on the ratings given to its competitors.
Several research firms have recently issued reports on POLA. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a report on Tuesday, March 26th. Zacks Investment Research lowered shares of Polar Power from a “hold” rating to a “strong sell” rating in a report on Saturday, May 4th. Finally, ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
POLA remained flat at $$3.55 on Tuesday. 13,551 shares of the company’s stock traded hands, compared to its average volume of 18,169. The company has a quick ratio of 3.83, a current ratio of 6.55 and a debt-to-equity ratio of 0.13. Polar Power has a twelve month low of $3.46 and a twelve month high of $6.80. The stock has a market capitalization of $36.01 million, a price-to-earnings ratio of -44.38 and a beta of 0.20.
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 Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Polar Power had a negative net margin of 1.68% and a negative return on equity of 2.01%. The firm had revenue of $7.75 million during the quarter, compared to analyst estimates of $6.50 million. Analysts anticipate that Polar Power will post 0.1 earnings per share for the current fiscal year.
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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