The Polar Power Inc. (POLA) shares are trading at lower $3.13 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $5.00 and the low is $0.95. Over the last 52 weeks, POLA is down -37.40% while the S&P 500 is up 0.70%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, POLA reported a profit of $-0.16 million. Polar Power Inc. also saw revenues decrease to $2.86 million. In addition, POLA has free cash flow of -$1.87 million as of 03-2020 The company’s EBITDA came in at -$2.01 million which compares well with its peers.
POLA booked profit margins of -16.30%, its Return on Equity (ROE) is -18.50%, and its Return on Assets is -14.50%. All told, it is clear that, POLA needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. POLA has a short ratio of 0.01 and outstanding shares of 10.07M.
POLA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21.09 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.40. Polar Power Inc. POLA also noted assets of $23.27 million at the end of the last quarter. Investors should also keep an eye on sector updates as POLA has historically followed its peers on positive news.
All told, Polar Power Inc. POLA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, POLA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Polar Power Inc. POLA is now commanding a market cap of 34.02M and a float of 3.87M. POLA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of POLA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in POLA, either long or short, and we have not been compensated for this article.