Polar Power (NASDAQ:POLA) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Polar Power, Inc. (NASDAQ:POLA)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.84 and traded as low as $1.63. Polar Power shares last traded at $1.72, with a volume of 104,095 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on POLA. Weiss Ratings cut Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Polar Power presently has a consensus rating of “Sell”.

Polar Power Stock Performance

The company has a market cap of $6.26 million, a price-to-earnings ratio of -0.55 and a beta of 1.17. The company has a fifty day moving average of $1.84 and a two-hundred day moving average of $1.80.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings data on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.58. The business had revenue of $1.73 million for the quarter, compared to analyst estimates of $3.80 million. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.

Polar Power Company Profile

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.