Analysts Set $5.00 Target Price for Polar Power, Inc. (POLA)
Shares of Polar Power, Inc. (NASDAQ:POLA) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Polar Power’s rating score has declined by 200% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $5.00 for the company and are forecasting 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 194 out of 265 based on the ratings given to related companies.
Several analysts have recently issued reports on POLA shares. Roth Capital set a $7.00 target price on shares of Polar Power and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Polar Power from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.
Polar Power (NASDAQ:POLA) traded down $0.06 on Tuesday, reaching $4.73. 41,100 shares of the company’s stock were exchanged, compared to its average volume of 88,446. Polar Power has a one year low of $4.12 and a one year high of $11.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.52 and a quick ratio of 24.67.
Polar Power (NASDAQ:POLA) last announced its earnings results on Monday, November 6th. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). Polar Power had a net margin of 13.12% and a return on equity of 13.81%. The company had revenue of $3.03 million during the quarter, compared to analyst estimates of $4.65 million. The company’s revenue for the quarter was down 59.6% compared to the same quarter last year. equities analysts anticipate that Polar Power will post -0.03 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in POLA. Goldman Sachs Group Inc. boosted its position in Polar Power by 112.3% during the first quarter. Goldman Sachs Group Inc. now owns 25,475 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 13,475 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in Polar Power during the second quarter worth about $162,000. Foundry Partners LLC boosted its position in Polar Power by 51.6% during the second quarter. Foundry Partners LLC now owns 176,675 shares of the utilities provider’s stock worth $938,000 after acquiring an additional 60,124 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in Polar Power by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 75,871 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 787 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its position in Polar Power by 16.7% during the second quarter. Heartland Advisors Inc. now owns 175,000 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 7.11% of the company’s stock.
Polar Power Company Profile
Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).
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