Polar Power (NASDAQ:POLA) Shares Cross 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 Tuesday . The stock has a 50-day moving average of $1.77 and traded as low as $1.60. Polar Power shares last traded at $1.65, with a volume of 45,302,211 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on POLA. Weiss Ratings lowered shares of Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. Wall Street Zen raised shares of Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Polar Power Trading Up 13.4%

The company has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.72. The company has a market capitalization of $6.51 million, a price-to-earnings ratio of -0.54 and a beta of 1.18.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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.