For the readers interested in the stock health of Polar Power Inc. (POLA). It is currently valued at $1.65. When the transactions were called off in the previous session, Stock hit the highs of $1.69, after setting-off with the price of $1.60. Company’s stock value dipped to $1.56 during the trading on the day. When the trading was stopped its value was $1.60.
Recently in News on July 2, 2020, Polar Power Announces $2.8 Million Private Placement. Polar Power, Inc. (POLA), a global provider of prime, backup and solar hybrid power solutions, today announced that it has entered into definitive agreements with certain institutional investors to raise aggregate gross proceeds of approximately $2.8 million through the private placement of its equity securities. You can read further details here
Polar Power Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.9600 on 06/30/20, with the lowest value was $0.9500 for the same time period, recorded on 03/20/20.
Polar Power Inc. (POLA) full year performance was -54.61%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Polar Power Inc. shares are logging -66.73% during the 52-week period from high price, and 73.68% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.95 and $4.96.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 893275 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Polar Power Inc. (POLA) recorded performance in the market was -30.67%, having the revenues showcasing 8.55% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 19.45M, as it employees total of 132 workers.
Analysts verdict on Polar Power Inc. (POLA)
During the last month, 0 analysts gave the Polar Power Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.9812, with a change in the price was noted +0.0200. In a similar fashion, Polar Power Inc. posted a movement of +1.23% for the period of last 100 days, recording 2,387,928 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for POLA is recording 0.16 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.14.
Polar Power Inc. (POLA): Technical Analysis
Raw Stochastic average of Polar Power Inc. in the period of last 50 days is set at 11.64%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 21.60%. In the last 20 days, the company’s Stochastic %K was 14.93% and its Stochastic %D was recorded 11.64%.
Let’s take a glance in the erstwhile performances of Polar Power Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -30.67%. Additionally, trading for the stock in the period of the last six months notably improved by 33.06%, alongside a downfall of -54.61% for the period of the last 12 months. The shares increased approximately by 9.27% in the 7-day charts and went up by -16.24% in the period of the last 30 days. Common stock shares were driven by 8.55% during last recorded quarter.