Invesco Capital Management LLC has recently announced that it has increased stake in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) by 10.68%. After grabbing 2.83 million shares, the institutional investor is now in possession of 0.27 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.61% having worth around $6.26 million. Moreover, Millennium Management LLC increased its share by 1.61 million to have a control over 1.61 million shares. And TOBAM SAS raised its holdings to 0.46 million shares by acquiring 0.92 million shares or 0.20% of the stake.
Polestar Automotive Holding UK PLC ADR (PSNY) concluded trading on 01/10/24 at a closing price of $2.00, with 2.94 million shares of worth about $5.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.63% during that period and on Wednesday the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 467.68M shares, out of which, 467.67M shares are available for trading.
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Invesco WilderHill Clean Energy E, BNP Paribas Funds – Energy Transi, and iShares Self-Driving EV & Tech ET are the top 3 mutual funds which are holding stakes in Polestar Automotive Holding UK PLC ADR Invesco WilderHill Clean Energy E is currently holding 2.88 million shares of worth totaling $6.37 million. The company recently came buying 0.0 shares which brought its stake up to 0.62% of the company’s outstanding shares. iShares Self-Driving EV & Tech ET, after buying 1.14 million shares, have now control over 0.24% of the stake in the company. It holds 0.0 shares of worth $2.52 million.
However, the stock later moved at a day high price of 2.0200, or with a loss of -0.50%. Stock saw a price change of -5.21% in past 5 days and over the past one month there was a price change of -11.89%. Year-to-date (YTD), PSNY shares are showing a performance of -11.50% which decreased to -63.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.98 but also hit the highest price of $6.59 during that period. The average intraday trading volume for Polestar Automotive Holding UK PLC ADR shares is 2.69 million. The stock is currently trading -12.66% below its 20-day simple moving average (SMA20), while that difference is down -8.81% for SMA50 and it goes to -37.04% lower than SMA200.
Invesco Capital Management LLC acquired 2.83 million shares of Polestar Automotive Holding UK PLC ADR having value of about $6.26 million. Data submitted at the U.S SEC by Invesco Capital Management LLC revealed that the firm now holds 0.27 million shares in the company valued at close to $546958.0, or have control over 10.68% stake in the company. Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) currently have 467.68M outstanding shares and institutions hold larger chunk of about 4.60% of that. Holding of mutual funds in the company is about 1.71% while other institutional holders and individual stake holders have control over 2.91% and — of the stake respectively.
The stock has a current market capitalization of $935.90M and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSNY, volatility over the week remained 4.20% while standing at 5.77% over the month.
Analysts are in expectations that Polestar Automotive Holding UK PLC ADR (PSNY) stock would likely to be making an EPS of $Sanofi in the current quarter, while forecast for next quarter EPS is $52.41 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Personalis, Inc. which is $Parsons Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Progyny, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.82% while it is estimated to decrease by -11.51% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Polestar Automotive Holding UK PLC ADR (PSNY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.67. Out of those 9 Wall Street analysts, 3 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 01, 2023 offering an Overweight rating for the stock and assigned a target price of $3 to it.
