In last trading session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) saw 5.77 million shares changing hands with its beta currently measuring 1.30. Company’s recent per share price level of $0.74 trading at -$0.02 or -2.09% at ring of the bell on the day assigns it a market valuation of $346.61M. That closing price of PSNY’s stock is at a discount of -440.54% from its 52-week high price of $4.00 and is indicating a premium of 17.57% from its 52-week low price of $0.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.56 million shares which gives us an average trading volume of 13.11 million if we extend that period to 3-months.
For Polestar Automotive Holding UK PLC ADR (PSNY), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.57. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.18 in the current quarter.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Upright in the red during last session for losing -2.09%, in the last five days PSNY remained trading in the green while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $0.74 price level, adding 11.9% to its value on the day. Polestar Automotive Holding UK PLC ADR’s shares saw a change of -67.23% in year-to-date performance and have moved 8.05% in past 5-day. Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) showed a performance of -23.47% in past 30-days. Number of shares sold short was 34.53 million shares which calculate 2.79 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 75.33% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -170.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -170.27% for stock’s current value.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
This year revenue growth is estimated to rise 43.30% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 700.16M for the same. And 2 analysts are in estimates of company making revenue of 878.49M in the next quarter. Company posted 685.25M and 613.18M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -18.42% while estimates for its earnings growth in next 5 years are of -13.54%.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
AMF TJANSTEPENSION AB is the top institutional holder at PSNY for having 4.4 million shares of worth $6.78 million. And as of 2024-03-31, it was holding 0.2085 of the company’s outstanding shares.
The second largest institutional holder is INVESCO LTD., which was holding about 3.1 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.147 of outstanding shares, having a total worth of $4.78 million.
