Zacks: Polar Power Inc (POLA) Given $6.00 Average Target Price by Analysts

Shares of Polar Power Inc (NASDAQ:POLA) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $6.00 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 105 out of 257 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the company. ValuEngine raised Polar Power from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Polar Power from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, August 15th. Finally, TheStreet raised Polar Power from a “d” rating to a “c” rating in a report on Wednesday, November 14th.

Shares of Polar Power stock traded down $0.15 during trading hours on Monday, hitting $5.80. 11,570 shares of the company’s stock traded hands, compared to its average volume of 17,278. Polar Power has a 12-month low of $4.01 and a 12-month high of $6.85. The firm has a market cap of $60.35 million, a PE ratio of -72.69 and a beta of -0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 12.42 and a quick ratio of 8.46.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Tuesday, November 13th. The utilities provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). Polar Power had a negative return on equity of 6.43% and a negative net margin of 7.39%. The firm had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $7.00 million. As a group, equities analysts anticipate that Polar Power will post -0.03 EPS for the current fiscal year.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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