Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) has a beta value of 1.32 and has seen 7.35 million shares traded in the last trading session. The company, currently valued at $342.21M, closed the last trade at $0.73 per share which meant it gained $0.06 on the day or 9.56% during that session. The PSNY stock price is -475.34% off its 52-week high price of $4.20 and 16.44% above the 52-week low of $0.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.57 million shares traded. The 3-month trading volume is 12.65 million shares.
The consensus among analysts is that Polestar Automotive Holding UK PLC ADR (PSNY) is Hold stock at the moment, with a recommendation rating of 2.57. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Sporting 9.56% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PSNY stock price touched $0.73 or saw a rise of 4.66%. Year-to-date, Polestar Automotive Holding UK PLC ADR shares have moved -67.64%, while the 5-day performance has seen it change 15.04%. Over the past 30 days, the shares of Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) have changed -27.59%. Short interest in the company has seen 34.53 million shares shorted with days to cover at 2.68.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 75.67% from current levels. The projected low price target is $2.0 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -1269.86% off the targeted high while a plunge would see the stock gain -173.97% from current levels.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
The company’s shares have lost -57.48% over the past 6 months, compared to -0.60% for the industry. Revenue growth from the last financial year stood is estimated to be 43.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 700.16M for the current quarter. 2 have an estimated revenue figure of 878.49M for the next ending quarter. Year-ago sales stood 685.25M and 613.18M respectively for this quarter and the next, and analysts expect sales will grow by 2.20% for the current quarter and 43.30% for the next.
Earnings growth for 2024 is a modest -18.42% while over the next 5 years, the company’s earnings are expected to decrease by -13.54%.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
The top two institutional holders are AMF TJANSTEPENSION AB with over 4.4 million shares worth more than $6.78 million. As of 2024-03-31, AMF TJANSTEPENSION AB held 0.2085% of shares outstanding.
The other major institutional holder is INVESCO LTD., with the holding of over 3.1 million shares as of 2024-03-31. The firm’s total holdings are worth over $4.78 million and represent 0.147% of shares outstanding.
