Should Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) Revive After A -579.45% Drop From Highs?

During the recent session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares were 2.13 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $0.73, reflecting an intraday gain of 2.79% or $0.02. The 52-week high for the PSNY share is $4.96, that puts it down -579.45 from that peak though still a striking 10.96% gain since the share price plummeted to a 52-week low of $0.65. The company’s market capitalization is $339.31M, and the average trade volume was 7.78 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 2.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.79% in intraday trading to $0.73, hitting a weekly high. The stock’s 5-day price performance is 3.45%, and it has moved by -5.84% in 30 days. Based on these gigs, the overall price performance for the year is -80.35%.

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While earnings are projected to return -38.38% in 2024, the next five years will return -13.54% per annum.

PSNY Dividends

Polestar Automotive Holding UK PLC ADR is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.