Polar Power (NASDAQ:POLA) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Polar Power, Inc. (NASDAQ:POLA) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.65 and traded as low as $1.41. Polar Power shares last traded at $1.42, with a volume of 53,418 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on POLA shares. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded 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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Polar Power Stock Performance

The company has a market capitalization of $5.98 million, a PE ratio of -0.40 and a beta of 1.21. The company has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.72.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.14. The business had revenue of $1.02 million during the quarter, compared to analyst estimates of $3.80 million. Polar Power had a negative net margin of 207.92% and a negative return on equity of 610.87%.

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.