Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares stood at 1.99 million during the last session, with the company’s beta value hitting 1.56. At the close of trading, the stock’s price was $1.60. The PSNY share’s 52-week high remains $4.96, putting it -210.0% down since that peak but still an impressive 18.75% since price per share fell to its 52-week low of $1.30. The company has a valuation of $748.72M, with an average of 1.69 million shares in intraday trading volume over the past 10 days and average of 3.36 million shares over the past 3 months.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Polestar Automotive Holding UK PLC ADR (PSNY) has traded red over the past five days. The stock hit a weekly high of 1.7600. The 5-day price performance for the stock is -0.62%, and 7.38% over 30 days. With these gigs, the year-to-date price performance is -29.20%. Short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) saw shorts transact 24.76 million shares and set a 6.5 days time to cover.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Looking at statistics comparing Polestar Automotive Holding UK PLC ADR share performance against respective industry, we note that the company has underperformed competitors. Polestar Automotive Holding UK PLC ADR (PSNY) shares are -33.33% down over the last 6 months, with its year-to-date growth rate lower than industry average at -69.57% against 17.40%. The rating firms project that company’s revenue will grow 4.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $759.26 million. Meanwhile, for the quarter ending Mar 2024, a total of 3 analyst(s) estimate revenue growth to $737.57 million.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Polestar Automotive Holding UK PLC ADR has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
Polestar Automotive Holding UK PLC ADR insiders hold 47.63% of total outstanding shares, with institutional holders owning 4.86% of the shares at 9.29% float percentage. In total, 4.86% institutions holds shares in the company, led by AMF Tjanstepension AB. As of Jun 29, 2023, the company held over 4.4 million shares (or 0.94% of shares), all amounting to roughly $16.81 million.
The next major institution holding the largest number of shares is Invesco Ltd. with 2.56 million shares, or about 0.55% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $9.78 million.
We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and iShares Self-Driving EV and Tech ETF as the top two Mutual Funds with the largest holdings of the Polestar Automotive Holding UK PLC ADR (PSNY) shares. Going by data provided on Aug 30, 2023, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 2.39 million shares. This is just over 0.51% of the total shares, with a market valuation of $7.96 million. Data from the same date shows that the other fund manager holds a little less at 1.21 million, or 0.26% of the shares, all valued at about 4.03 million.
