The stock price of Polar Power Inc (NASDAQ: POLA) has dropped by -10.88 compared to previous close of 0.40. Despite this, the company has seen a fall of -20.98% in its stock price over the last five trading days. InvestorPlace reported 2023-12-01 that Polar Power (NASDAQ: POLA ) stock is taking a beating on Friday after the company priced a public offering of its shares. The public offering reveals that the power generator company is selling 4 million shares of POLA stock at a price of 40 cents each.
Is It Worth Investing in Polar Power Inc (NASDAQ: POLA) Right Now?
Additionally, the 36-month beta value for POLA is 0.94. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for POLA is 11.88M and currently, short sellers hold a 2.79% ratio of that float. The average trading volume of POLA on April 19, 2024 was 100.99K shares.
POLA’s Market Performance
The stock of Polar Power Inc (POLA) has seen a -20.98% decrease in the past week, with a -25.87% drop in the past month, and a -6.30% fall in the past quarter. The volatility ratio for the week is 13.63%, and the volatility levels for the past 30 days are at 13.22% for POLA. The simple moving average for the past 20 days is -25.73% for POLA’s stock, with a -55.04% simple moving average for the past 200 days.
POLA Trading at -17.74% from the 50-Day Moving Average
After a stumble in the market that brought POLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.01% of loss for the given period.
Volatility was left at 13.22%, however, over the last 30 days, the volatility rate increased by 13.63%, as shares sank -26.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.83% lower at present.
During the last 5 trading sessions, POLA fell by -20.98%, which changed the moving average for the period of 200-days by -72.21% in comparison to the 20-day moving average, which settled at $0.4743. In addition, Polar Power Inc saw -12.35% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for POLA
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.05 for the gross margin
The net margin for Polar Power Inc stands at -0.44. The total capital return value is set at -0.4. Equity return is now at value -41.75, with -26.48 for asset returns.
Based on Polar Power Inc (POLA), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.45. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -27.6.
Currently, EBITDA for the company is -5.6 million with net debt to EBITDA at -1.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 3.43for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
In conclusion, Polar Power Inc (POLA) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
