Market cap of Polar Power Inc. [POLA] reaches 109.90M – now what?

Polar Power Inc. [NASDAQ: POLA] closed the trading session at $11.52 on 01/15/21. The day’s price range saw the stock hit a low of $9.6447, while the highest price level was $15.5699. The company report on July 2, 2020 that Polar Power Announces $2.8 Million Private Placement.

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Polar Power, Inc. (POLA), a global provider of prime, backup and solar hybrid power solutions, announced that it has entered into definitive agreements with certain institutional investors to raise aggregate gross proceeds of approximately $2.8 million through the private placement of its equity securities.

Polar Power will sell an aggregate of 1,250,000 shares of the Company’s common stock at $2.25 per share. Additionally, investors will receive a common stock purchase warrant to purchase up to a number of shares of the Company’s common stock equal to, for each share purchased by the investor, 0.5 shares of common stock. The warrants will have an exercise price of $3.13 per share, are exercisable immediately and have a term of five years. The offering is expected to close on or about July 7, 2020, subject to customary closing conditions.

The stocks have a year to date performance of 141.26 percent and weekly performance of 55.68 percent. The stock has been moved at 230.09 percent over the last six months. The stock has performed 146.15 percent around the most recent 30 days and changed 262.26 percent over the most recent 3-months.

If compared to the average trading volume of 3.24M shares, POLA reached to a volume of 38760672 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Polar Power Inc. [POLA]:

ROTH Capital have made an estimate for Polar Power Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 07, 2017. The new note on the price target was released on January 09, 2017, representing the official price target for Polar Power Inc. stock.

The Average True Range (ATR) for Polar Power Inc. is set at 1.35, with the Price to Sales ratio for POLA stock in the period of the last 12 months amounting to 14.85. The Price to Book ratio for the last quarter was 8.79, with the Price to Cash per share for the same quarter was set at 0.22.

POLA stock trade performance evaluation

Polar Power Inc. [POLA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 55.68. With this latest performance, POLA shares gained by 146.15% in over the last four-week period, additionally plugging by 230.09% over the last 6 months – not to mention a rise of 331.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for POLA stock in for the last two-week period is set at 79.52, with the RSI for the last a single of trading hit 83.45, and the three-weeks RSI is set at 76.19 for Polar Power Inc. [POLA]. The present Moving Average for the last 50 days of trading for this stock 4.88, while it was recorded at 8.84 for the last single week of trading, and 2.82 for the last 200 days.

Polar Power Inc. [POLA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Polar Power Inc. [POLA] shares currently have an operating margin of -16.05 and a Gross Margin at +19.67. Polar Power Inc.’s Net Margin is presently recorded at -16.31.

Return on Total Capital for POLA is now -17.56, given the latest momentum, and Return on Invested Capital for the company is -18.34. Return on Equity for this stock declined to -19.85, with Return on Assets sitting at -16.58. When it comes to the capital structure of this company, Polar Power Inc. [POLA] has a Total Debt to Total Equity ratio set at 18.41. Additionally, POLA Total Debt to Total Capital is recorded at 15.55, with Total Debt to Total Assets ending up at 14.36. Long-Term Debt to Equity for the company is recorded at 13.26, with the Long-Term Debt to Total Capital now at 11.20.

Reflecting on the efficiency of the workforce at the company, Polar Power Inc. [POLA] managed to generate an average of -$30,642 per employee. Receivables Turnover for the company is 5.16 with a Total Asset Turnover recorded at a value of 1.02.Polar Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 5.60.

Earnings per share (EPS) analysis for Polar Power Inc. [POLA] stock

With the latest financial reports released by the company, Polar Power Inc. posted -0.47/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -327.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for POLA.

Polar Power Inc. [POLA]: Insider Ownership positions

There are presently around $16 million, or 12.00% of POLA stock, in the hands of institutional investors. The top three institutional holders of POLA stocks are: VANGUARD GROUP INC with ownership of 576,298, which is approximately 2074.874% of the company’s market cap and around 53.72% of the total institutional ownership; AROSA CAPITAL MANAGEMENT LP, holding 413,667 shares of the stock with an approximate value of $4.76 million in POLA stocks shares; and BARD ASSOCIATES INC, currently with $1.89 million in POLA stock with ownership of nearly 0.052% of the company’s market capitalization.

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Positions in Polar Power Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 9 institutional holders increased their position in Polar Power Inc. [NASDAQ:POLA] by around 1,196,294 shares. Additionally, 8 investors decreased positions by around 212,572 shares, while 1 investors held positions by with 9,322 shares. The mentioned changes placed institutional holdings at 1,399,544 shares, according to the latest SEC report filing. POLA stock had 6 new institutional investments in for a total of 646,405 shares, while 8 institutional investors sold positions of 212,572 shares during the same period.

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