Polar Power, Inc. (NASDAQ:POLA) traded at $4.96 at last check on Tuesday, Jun 30, making an upward move of 262.04% on its previous day’s price.
Looking at the stock we see that its previous close was $1.37 with the day’s price range being $1.8500 – 4.9600. In terms of its 52-week price range, POLA has a high of $5 and a low of $0.95. The company’s stock has gained about 264.71% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2Million, with a low of $2Million and a high of $2Million. The median projection represents growth adding up to -78.3% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $14Million, or -43.6% down from figures reported last year.
On the other hand, looking at the outlook for the POLA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Polar Power, Inc. (POLA) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the POLA stock currently stands at 0, and the current price level is 247.17% off its SMA20 and 252.82% from its 50-day simple moving average. The RSI (14) is pointing at 90.52 while the volatility over the past week is 42.8% and drops to 19.29% over the past one month. The beta value is 1.33, while the average true range (ATR) is currently pointing at 0.39. The average price target for the stock over the next 12 months is $8, with the estimates having a low of $8 and a high of $8. These price ends are 61.29% and +61.29% off the current price level respectively, although investors could be excited at the prospect of a +61.29% if the POLA share price touches on the median price of $8.
Let’s briefly compare Polar (POLA) stock to its peers. We find that today’s price change of +262.04% and +20.39% over the past 12 months for POLA betters that of Nextera Energy (NEE), which has seen its stock price rise 0.81% in the latest trading session and is +17.72% over the last one year. Another of its peers Dominion Resources (D) has climbed 0.71% today, and is +5.36% up over the past year, while Duke Energy Corp (DUK) is also up 262.04% yet its price remains in the green at 20.39% over the same period. Nextera has a P/E ratio of 32.72 compared to Polar’s 0 and Dominion’s 37.83. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.85% and 1.54%, respectively, in early deals.
Coming back to Polar Power, Inc. (NASDAQ:POLA), we note that the average 3-month trading volume was 106.03 Million, while that of the preceding 10-day period stands at 199.93 Million. Current shares outstanding are 10.13 Million.
According to data from Thomson Reuters, insiders hold 61.7% of the company’s shares while institutions hold 7.51%. The data shows that short shares as of June 14, 2020, stood at 30.01 Million at a short ratio of 0.33. This represents a 0.3% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 53.92 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +108.4% up in year-to-date price movement.