In the last trading session, 4.14 million shares of the Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) were traded, and its beta was 1.47. Most recently the company’s share price was $1.26, and it changed around -$0.12 or -8.70% from the last close, which brings the market valuation of the company to $589.62M. PSNY currently trades at a discount to its 52-week high of $2.65, offering almost -110.32% off that amount. The share price’s 52-week low was $0.61, which indicates that the current value has risen by an impressive 51.59% since then. We note from Polestar Automotive Holding UK PLC ADR’s average daily trading volume that its 10-day average is 3.35 million shares, with the 3-month average coming to 8.88 million.

Polestar Automotive Holding UK PLC ADR stock received a consensus recommendation rating of Underweight, based on a mean score of 2.88. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PSNY as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Polestar Automotive Holding UK PLC ADR is expected to report earnings per share of -0.14 for the current quarter.

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

Instantly PSNY has showed a red trend with a performance of -8.70% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3900 on recent trading dayincreased the stock’s daily price by 9.35%. The company’s shares are currently down -44.25% year-to-date, but still down -4.55% over the last five days. On the other hand, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is -26.74% down in the 30-day period. We can see from the shorts that 33.62 million shares have been sold at a short interest cover period of 5.12 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 58.0% from its current value. Analyst projections state that PSNY is forecast to be at a low of $1.5 and a high of $10.

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

Polestar Automotive Holding UK PLC ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.35 percent over the past six months and at a 18.46% annual growth rate that is well above the industry average of -7.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -100.00% in revenue this quarter, and will report an increase of 29.40% in the next quarter. The year-over-year growth rate is expected to be 38.20%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 791.5M in revenue for the current quarter. 3 analysts expect Polestar Automotive Holding UK PLC ADR to make 1.06B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 613.18M and 533.22M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.10%. Forecasts for the next quarter put sales growth at 98.70%.

Polestar Automotive Holding UK PLC ADR earnings are expected to increase by 1.21% in 2024, but the outlook is negative -13.54% per year for the next five years.

PSNY Dividends

Polestar Automotive Holding UK PLC ADR’s next quarterly earnings report is expected to be released in November.

ALECTA TJANSTEPENSION OMSESIDIGT, with 0.2808% or 5.92 million shares worth $4.65 million as of 2024-06-30, holds the second largest percentage of outstanding shares.