POLA Stock Summary and Trading Ideas (Polar Power | NASDAQ:POLA)

Polar Power Inc is engaged in designing, manufacturing, and selling DC power generators, renewable energy, and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine, and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in the United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

Polar Power trades on the NASDAQ stock market under the symbol POLA.

As of July 30, 2024, POLA stock price declined to $0.44 with 20,792 million shares trading.

POLA has a beta of 2.08, meaning it tends to be more sensitive to market movements. POLA has a correlation of 0.08 to the broad based SPY ETF.

POLA has a market cap of $7.71 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, POLA stock traded as high as $8.18 and as low as $.32.

The top ETF exchange traded funds that POLA belongs to (by Net Assets): VXF.

POLA has underperformed the market in the last year with a price return of -65.4% while the SPY ETF gained +20.1%. However, in the short term, POLA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.8% vs +6.6% return in SPY. But in the last 2 weeks, POLA shares have been beat by the market, returning -12.6% compared to an SPY return of -3.5%.

POLA support price is $.41 and resistance is $.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that POLA stock will trade within this expected range on the day.