Look For Institutional Buying In Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY)

Polestar Automotive Holding UK PLC ADR (PSNY) concluded trading on Wednesday at a closing price of $1.04, with 10.25 million shares of worth about $10.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.34% during that period and on January 22, 2025 the price saw a loss of about -5.45%. Currently the company’s common shares owned by public are about 467.95M shares, out of which, 467.67M shares are available for trading.

Stock saw a price change of -10.34% in past 5 days and over the past one month there was a price change of 21.33%. Year-to-date (YTD), PSNY shares are showing a performance of -0.95% which decreased to -49.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.61 but also hit the highest price of $2.33 during that period. The average intraday trading volume for Polestar Automotive Holding UK PLC ADR shares is 5.10 million. The stock is currently trading -6.01% below its 20-day simple moving average (SMA20), while that difference is down -5.35% for SMA50 and it goes to -7.52% lower than SMA200.

Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) currently have 467.95M outstanding shares and institutions hold larger chunk of about 15.35% of that.

The stock has a current market capitalization of $486.67M and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$0.74 in the same period. It has Quick Ratio of 0.38 while making debt-to-equity ratio of 1.96. 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 7.27% while standing at 9.14% over the month.

Stock’s fiscal year EPS is expected to drop by -6.29% while it is estimated to increase by 28.38% in next year.

Coverage by BofA Securities stated Polestar Automotive Holding UK PLC ADR (PSNY) stock as a Neutral in their note to investors on December 05, 2024, suggesting a price target of $1.25 for the stock. On September 10, 2024, Deutsche Bank Resumed their recommendations, while on March 15, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $2. Stock get an Underperform rating from Bernstein on January 24, 2024.

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