During the last session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares were 8.1 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $0.87, reflecting an intraday loss of -2.81% or -$0.03. The 52-week high for the PSNY share is $4.74, that puts it down -444.83 from that peak though still a striking 25.29% gain since the share price plummeted to a 52-week low of $0.65. The company’s market capitalization is $409.32M, and the average intraday trading volume over the past 10 days was 16.38 million shares, and the average trade volume was 11.77 million shares over the past three months.
Polestar Automotive Holding UK PLC ADR (PSNY) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.29. PSNY has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Polestar Automotive Holding UK PLC ADR (PSNY) registered a -2.81% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.81% in intraday trading to $0.87, hitting a weekly high. The stock’s 5-day price performance is -13.40%, and it has moved by 26.71% in 30 days. Based on these gigs, the overall price performance for the year is -80.90%. The short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 34.11 million shares and it means that shorts have 2.68 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $2 and $10 respectively. As a result, PSNY is trading at a discount of -1049.43% off the target high and -129.89% off the low.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
In the rating firms’ projections, revenue will increase 43.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 700.16M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 878.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 685.25M and 613.18M respectively. In this case, analysts expect current quarter sales to grow by 2.20% and then jump by 43.30% in the coming quarter.
While earnings are projected to return -18.42% 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 August. 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
The next largest institutional holding, with 3.1 million shares, is of INVESCO LTD.’s that is approximately 0.147% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $4.78 million.
