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

Shares of Polar Power, Inc. (NASDAQ:POLA) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 analysts recently weighed in on the company. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Polar Power Stock Performance

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

Polar Power (NASDAQ:POLA) last issued its quarterly earnings results 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. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The firm had revenue of $1.73 million during the quarter, compared to the consensus estimate of $3.80 million.

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.