Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY): The Best-Of-Breed For Investing?

Currently, there are 467.95M common shares owned by the public and among those 467.94M shares have been available to trade.

The company’s stock has a 5-day price change of -11.02% and -38.04% over the past three months. PSNY shares are trading -62.99% year to date (YTD), with the 12-month market performance down to -80.77% lower. It has a 12-month low price of $0.65 and touched a high of $4.62 over the same period. PSNY has an average intraday trading volume of 11.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.08%, -7.97%, and -50.36% respectively.

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Institutional ownership of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) shares accounts for 11.00% of the company’s 467.95M shares outstanding.

It has a market capitalization of $391.39M and a beta (3y monthly) value of 1.32. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.40% over the week and 12.74% over the month.

Earnings per share for the fiscal year are expected to decrease by -18.42%, and 47.09% over the next financial year.

Looking at the support for the PSNY, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on March 15, 2024, with the firm’s price target at $3-$2. Bernstein coverage for the Polestar Automotive Holding UK PLC ADR (PSNY) stock in a research note released on January 24, 2024 offered a Underperform rating with a price target of $1.15. Piper Sandler was of a view on November 01, 2023 that the stock is Overweight, while Barclays gave the stock Underweight rating on September 07, 2023, issuing a price target of $5- $3. R. F. Lafferty on their part issued Buy rating on August 01, 2023.

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