Polar Power Inc (POLA) stock has fallen 1.35% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With POLA Stock Today?
Polar Power Inc (POLA) stock is trading at $9.51 as of 9:46 AM on Thursday, May 13, an increase of $0.36, or 3.93% from the previous closing price of $9.15. The stock has traded between $9.35 and $9.64 so far today. Volume today is light. So far 4,074 shares have traded compared to average volume of 375,591 shares.
More About Polar Power Inc
Polar Power Inc is engaged in designing, manufacturing, and selling direct current power systems for applications in the telecommunications market, military, electric vehicle charging, cogeneration, distributed power, and uninterrupted power supply. Its products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators.