In last trading session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) saw 4.83 million shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $1.26 trading at $0.06 or 5.00% at ring of the bell on the day assigns it a market valuation of $589.62M. That closing price of PSNY’s stock is at a discount of -130.16% from its 52-week high price of $2.90 and is indicating a premium of 51.59% 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 5.19 million shares which gives us an average trading volume of 9.73 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 2.88. 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 green during last session for gaining 5.00%, in the last five days PSNY remained trading in the red while hitting it’s week-highest on Thursday, 10/10/24 when the stock touched $1.26 price level, adding 19.75% to its value on the day. Polestar Automotive Holding UK PLC ADR’s shares saw a change of -44.25% in year-to-date performance and have moved -20.75% in past 5-day. Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) showed a performance of -26.32% in past 30-days. Number of shares sold short was 33.62 million shares which calculate 2.54 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 58.0% to its current value. Analysts have been projecting 1.5 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 -19.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.05% for stock’s current value.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Statistics highlight that Polestar Automotive Holding UK PLC ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.82% of value to its shares in past 6 months, showing an annual growth rate of 18.46% while that of industry is -5.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 38.20% 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 572.65M for the same. And 3 analysts are in estimates of company making revenue of 791.5M 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 1.21% 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
SWEDBANK AB is the top institutional holder at PSNY for having 11.74 million shares of worth $9.24 million. And as of 2024-06-30, it was holding 0.5564 of the company’s outstanding shares.
The second largest institutional holder is ALECTA TJANSTEPENSION OMSESIDIGT, which was holding about 5.92 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.2808 of outstanding shares, having a total worth of $4.65 million.
