During the recent session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares were 0.74 million, with the beta value of the company hitting 1.50. At the last check today, the stock’s price was $1.57, reflecting an intraday gain of 2.39% or $0.04. The 52-week high for the PSNY share is $4.96, that puts it down -215.92 from that peak though still a striking 17.2% gain since the share price plummeted to a 52-week low of $1.30. The company’s market capitalization is $733.09M, and the average intraday trading volume over the past 10 days was 1.6 million shares, and the average trade volume was 3.24 million shares over the past three months.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Polestar Automotive Holding UK PLC ADR (PSNY) registered a 2.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.39% in intraday trading to $1.57, hitting a weekly high. The stock’s 5-day price performance is 1.73%, and it has moved by -11.99% in 30 days. Based on these gigs, the overall price performance for the year is -57.20%. The short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 25.21 million shares and it means that shorts have 6.38 day(s) to cover.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
In the rating firms’ projections, revenue will increase 4.60% compared to the previous financial year. Revenue for the current quarter is expected to be $759.26 million as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $737.57 million by the end of Mar 2024.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
Polestar Automotive Holding UK PLC ADR insiders own 47.63% of total outstanding shares while institutional holders control 4.88%, with the float percentage being 9.32%. AMF Tjanstepension AB is the largest shareholder of the company, while 118 institutions own stock in it. As of Jun 29, 2023, the company held over 4.4 million shares (or 0.94% of all shares), a total value of $16.81 million in shares.
The next largest institutional holding, with 2.56 million shares, is of Invesco Ltd.’s that is approximately 0.55% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $9.78 million.
Also, the Mutual Funds coming in first place with the largest holdings of Polestar Automotive Holding UK PLC ADR (PSNY) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and iShares Self-Driving EV and Tech ETF. Data provided on Aug 30, 2023 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 2.39 million shares. This amounts to just over 0.51 percent of the company’s overall shares, with a $7.96 million market value. The same data shows that the other fund manager holds slightly less at 1.21 million, or about 0.26% of the stock, which is worth about $4.03 million.
