Are Analysts Expecting A Better 2020 For Polar Power Inc. (POLA)?

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Bard Associates, Inc. has recently announced that it has increased stake in Polar Power Inc. (NASDAQ:POLA) by 2.20%. After grabbing 0.16 million shares, the institutional investor is now in possession of 3522.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 1.44% having worth around $0.48 million. Moreover, Schonfeld Strategic Advisors LLC increased its share by 56500.0 to have a control over 56500.0 shares. And Kirr, Marbach & Co. LLC raised its holdings to 9400.0 shares by acquiring 29000.0 shares or 0.26% of the stake.

Polar Power Inc. (POLA) concluded trading on 08/26/20 at a closing price of $2.08, with 17.0 million shares of worth about $35.36 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 21.35% during that period and on Wednesday the price saw a gain of about 16.57%. Currently the company’s common shares owned by public are about 10.13M shares, out of which, 5.12M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the POLA stock and their offered price forecasts bring an average price target of $8.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $8.00. Analysts also issued an outlook of 2.00 for the Polar Power Inc. stock for next 12 months. However, touching the estimated high of $8.00 would mean a gain of 74.0% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and DFA US Core Equity 2 Portfolio are the top 3 mutual funds which are holding stakes in Polar Power Inc. Vanguard Extended Market Index Fu is currently holding 26498.0 shares of worth totaling $77109.0. The company recently came buying 0.0 shares which brought its stake up to 0.23% of the company’s outstanding shares. DFA US Core Equity 2 Portfolio, after selling 5814.0 shares, have now control over 0.05% of the stake in the company. It holds 1206.0 shares of worth $16919.0.

Polar Power Inc. (NASDAQ: POLA) started trading at $1.78, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.08, or with a gain of 16.57%. Stock saw a price change of 21.35% in past 5 days and over the past one month there was a price change of -24.27%. Year-to-date (YTD), POLA shares are showing a performance of -12.82% which decreased to -32.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.95 but also hit the highest price of $4.96 during that period. While comparing its average daily trading volume of 3.24 million shares, we see that about 17.0 million changed hands on the day. The stock is currently trading -12.17% below its 20-day simple moving average (SMA20), while that difference is down -16.98% for SMA50 and it goes to -3.06% lower than SMA200.

Bard Associates, Inc. acquired 0.16 million shares of Polar Power Inc. having value of about $0.48 million. Data submitted at the U.S SEC by Bard Associates, Inc. revealed that the firm now holds 3522.0 shares in the company valued at close to $7325.76, or have control over 2.20% stake in the company. Polar Power Inc. (NASDAQ: POLA) currently have 10.13M outstanding shares and institutions hold larger chunk of about 7.30% of that. Holding of mutual funds in the company is about 2.75% while other institutional holders and individual stake holders have control over 58.20% and 0.41% of the stake respectively.

The stock has a current market capitalization of $24.53M and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.71 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for POLA, volatility over the week remained 25.78% while standing at 14.18% over the month.

Analysts are in expectations that Polar Power Inc. (POLA) stock would likely to be making an EPS of -$0.07 in the current quarter, while forecast for next quarter ESPS is -$0.02 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -377.60%.

Analysts at 1 brokerage firms have issued recommendations for the Polar Power Inc. (POLA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on November 07, 2017 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by ROTH Capital stated Polar Power Inc. (POLA) stock as a Buy in their note to investors on January 09, 2017, suggesting a price target of for the stock.

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