During the last session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares were 1.08 million, with the beta value of the company hitting 1.51. At the end of the trading day, the stock’s price was $1.03, reflecting an intraday loss of -0.48% or -$0.01. The 52-week high for the PSNY share is $2.65, that puts it down -157.28 from that peak though still a striking 40.78% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $484.33M, and the average intraday trading volume over the past 10 days was 4.17 million shares, and the average trade volume was 7.31 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 2.88. 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.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Polestar Automotive Holding UK PLC ADR (PSNY) registered a -0.48% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.48% in intraday trading to $1.03, hitting a weekly high. The stock’s 5-day price performance is -14.46%, and it has moved by -17.20% in 30 days. Based on these gigs, the overall price performance for the year is -49.01%. The short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 34.01 million shares and it means that shorts have 7.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 65.67% 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 -870.87% off the target high and -45.63% 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 up 23.20% during the last six months, with a year-to-date growth rate more than the industry average at 18.46% against -8.90.
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 December. 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 11.74 million shares, is of SWEDBANK AB’s that is approximately 0.5564% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of Polestar Automotive Holding UK PLC ADR (PSNY) shares are First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund and iShares Self-Driving EV and Tech ETF. Data provided on Sep 30, 2024 indicates that First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund owns about 3.02 shares. This amounts to just over 0.65 percent of the company’s overall shares, with a $3.15 million market value. The same data shows that the other fund manager holds slightly less at 1.22, or about 0.26% of the stock, which is worth about $1.27 million.
