Polar Power, Inc. (NASDAQ:POLA) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Polar Power’s rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus target price of $5.00 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 189 out of 265 based on the ratings given to its competitors.
Several brokerages have recently weighed in on POLA. Roth Capital set a $7.00 price target on Polar Power and gave the company a “buy” rating in a research note on Sunday, October 15th. ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut Polar Power from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.
Shares of Polar Power (NASDAQ POLA) opened at $4.98 on Friday. The company has a current ratio of 23.62, a quick ratio of 18.35 and a debt-to-equity ratio of 0.01. Polar Power has a one year low of $4.12 and a one year high of $11.50.
Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Monday, November 6th. The utilities provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $3.03 million during the quarter, compared to analyst estimates of $4.65 million. Polar Power had a net margin of 8.59% and a return on equity of 6.40%. Polar Power’s revenue for the quarter was down 59.6% compared to the same quarter last year. research analysts predict that Polar Power will post -0.03 EPS for the current fiscal year.
About Polar Power
Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).
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