Polar Power (NASDAQ:POLA) Shares Pass Below 50 Day Moving Average – What’s Next?

Polar Power, Inc. (NASDAQ:POLA)’s share price 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.

Wall Street Analyst Weigh In

Several research firms recently commented on POLA. Wall Street Zen upgraded shares of Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Polar Power Stock Performance

The stock has a market cap of $6.52 million, a price-to-earnings ratio of -0.57 and a beta of 1.17. The business has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.79.

Polar Power (NASDAQ:POLA) last announced its earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.58. Polar Power had a negative net margin of 127.53% and a negative return on equity of 259.19%. The business had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $3.80 million.

About Polar Power

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.