Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) has a beta value of 1.43 and has seen 4.45 million shares traded in the last trading session. The company, currently valued at $725.32M, closed the last trade at $1.55 per share which meant it gained $0.03 on the day or 1.97% during that session. The PSNY stock price is -89.68% off its 52-week high price of $2.94 and 60.65% 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 9.2 million shares traded. The 3-month trading volume is 13.27 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 2.67. 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 1.97% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PSNY stock price touched $1.55 or saw a rise of 20.1%. Year-to-date, Polestar Automotive Holding UK PLC ADR shares have moved -31.42%, while the 5-day performance has seen it change -14.36%. Over the past 30 days, the shares of Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) have changed 87.42%. Short interest in the company has seen 38.83 million shares shorted with days to cover at 4.9.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 48.33% from current levels. The projected low price target is $1.5 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -545.16% off the targeted high while a plunge would see the stock lose 3.23% from current levels.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
The company’s shares have lost -4.32% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 13.50%.
2 analysts offering their estimates for the company have set an average revenue estimate of 572.65M for the current quarter. 3 have an estimated revenue figure of 791.5M 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 shrink by -16.40% for the current quarter and 13.50% for the next.
Earnings growth for 2024 is a modest 1.56% while over the next 5 years, the company’s earnings are expected to decrease by -13.54%.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
The top two institutional holders are SWEDBANK AB with over 11.74 million shares worth more than $9.24 million. As of 2024-06-30, SWEDBANK AB held 0.5564% of shares outstanding.
The other major institutional holder is ALECTA TJANSTEPENSION OMSESIDIGT, with the holding of over 5.92 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.65 million and represent 0.2808% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Self-Driving EV and Tech ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF . As of Aug 31, 2024 , the former fund manager holds about 0.26% shares in the company for having 1.22 shares of worth $1.88 million while later fund manager owns 1.07 shares of worth $1.66 million as of Aug 31, 2024 , which makes it owner of about 0.23% of company’s outstanding stock.
