Polestar Automotive Holding UK PLC ADR (PSNY) concluded trading on Wednesday at a closing price of $1.56, with 6.47 million shares of worth about $10.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.93% during that period and on Wednesday the price saw a loss of about -6.59%. Currently the company’s common shares owned by public are about 467.68M shares, out of which, 467.67M shares are available for trading.
However, the stock later moved at a day high price of 1.7150, or with a loss of -6.59%. Stock saw a price change of -6.59% in past 5 days and over the past one month there was a price change of -25.36%. Year-to-date (YTD), PSNY shares are showing a performance of -30.97% which decreased to -71.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.59 but also hit the highest price of $5.62 during that period. The average intraday trading volume for Polestar Automotive Holding UK PLC ADR shares is 2.95 million. The stock is currently trading -18.17% below its 20-day simple moving average (SMA20), while that difference is down -24.63% for SMA50 and it goes to -46.83% lower than SMA200.
Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) currently have 467.68M outstanding shares and institutions hold larger chunk of about 4.74% of that.
The stock has a current market capitalization of $730.00M and its 3Y-monthly beta is at 1.59. 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 5.98% while standing at 7.45% over the month.
Analysts are in expectations that Polestar Automotive Holding UK PLC ADR (PSNY) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.14 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 8.31% while it is estimated to decrease by -4.99% in next year.
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 Bernstein on January 24, 2024 offering an Underperform rating for the stock and assigned a target price of $1.15 to it. Coverage by Piper Sandler stated Polestar Automotive Holding UK PLC ADR (PSNY) stock as an Overweight in their note to investors on November 01, 2023, suggesting a price target of $3 for the stock. On September 07, 2023, Barclays Downgrade their recommendations, while on August 01, 2023, R. F. Lafferty Initiated their ratings for the stock with a price target of $9. Stock get a Neutral rating from Citigroup on July 21, 2023.
