During the recent session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares were 3.93 million, with the beta value of the company hitting 1.48. At the last check today, the stock’s price was $1.43, reflecting an intraday loss of -9.75% or -$0.16. The 52-week high for the PSNY share is $2.91, that puts it down -103.5 from that peak though still a striking 57.34% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $671.51M, and the average intraday trading volume over the past 10 days was 5.09 million shares, and the average trade volume was 10.06 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 2.86. PSNY has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 2 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.

Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information

Polestar Automotive Holding UK PLC ADR (PSNY) registered a -9.75% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.75% in intraday trading to $1.43, hitting a weekly high. The stock’s 5-day price performance is -16.57%, and it has moved by -4.33% in 30 days. Based on these gigs, the overall price performance for the year is -50.52%. The short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 33.62 million shares and it means that shorts have 2.54 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 52.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $10 respectively. As a result, PSNY is trading at a discount of -599.3% off the target high and -4.9% off the low.

Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts

Statistics show that Polestar Automotive Holding UK PLC ADR has outperformed its competitors in share price, compared to the industry in which it operates. Polestar Automotive Holding UK PLC ADR (PSNY) shares have gone down -1.71% during the last six months, with a year-to-date growth rate more than the industry average at 18.46% against -4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -28.60% this quarter and then drop -100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 38.20% 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 572.65M as predicted by 2 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 791.5M 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 shrink by -16.40% and then jump by 29.10% in the coming quarter.

While earnings are projected to return 1.21% 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 November. 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 5.92 million shares, is of ALECTA TJANSTEPENSION OMSESIDIGT’s that is approximately 0.2808% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.65 million.