Why Today Is the Best Time to Buy Polar Power Inc. [POLA] Stock at $4.48

Polar Power Inc. [POLA] has traded in a range of $0.95 to $6.64 in the last 1 year. As of this writing, the stock is at $4.48, up 6.41%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, POLA shares are -15.12% down with the monthly amount drift of 50.36% and seems well in a long time frame.

On 2, July 2020, Polar Power Announces $2.8 Million Private Placement. According to news published on Yahoo Finance, Polar Power, Inc. (POLA), a global provider of prime, backup and solar hybrid power solutions, today 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.

Analyst Birdseye View:

The most recent analyst activity for Polar Power Inc. [NASDAQ:POLA] stock was on January 09, 2017, when it was Initiated with a Buy rating from ROTH Capital.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.95 and a peak of $6.64. Right now, according to Wall Street analyst the average 12-month amount target is $8.00. At the most recent market close, shares of Polar Power Inc. [NASDAQ:POLA] were valued at $4.48.

FUNDAMENTAL ANALYSIS

Polar Power Inc. [NASDAQ:POLA] most recently reported quarterly sales of 2.5 billion, which represented growth of -63.80%. This publicly-traded organization’s revenue is $187,887 per employee, while its income is -$30,642 per employee. This company’s Gross Margin is currently -84.70%, its Pretax Margin is -16.31, and its Net Margin is -16.31. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -16.58, -19.85, -17.56 and -18.34 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 15.55 and the whole liability to whole assets at 14.36. It shows enduring liability to the whole principal at 11.20 and enduring liability to assets at 0.10 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.99 points at 1st support level, the second support level is making up to 3.77. But as of 1st resistance point, this stock is sitting at 4.61 and at 5.00 for 2nd resistance point.

Polar Power Inc. [POLA] reported its earnings at -$0.63 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.13/share signifying the difference of -0.5 and -384.60% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.23 calling estimates for -$0.09/share with the difference of -0.14 depicting the surprise of -155.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Polar Power Inc. [NASDAQ:POLA] is 5.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.03. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.97 and it’s amount to book ratio is 1.31.