Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) has a beta value of 1.53 and has seen 7.1 million shares traded in the last trading session. The company, currently valued at $423.35M, closed the last trade at $0.90 per share which meant it lost -$0.07 on the day or -6.39% during that session. The PSNY stock price is -184.44% off its 52-week high price of $2.56 and 32.22% 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 4.45 million shares traded. The 3-month trading volume is 5.05 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 3.17. 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 -0.15.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Sporting -6.39% in the red 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 $0.90 or saw a rise of 20.35%. Year-to-date, Polestar Automotive Holding UK PLC ADR shares have moved -59.97%, while the 5-day performance has seen it change -16.23%. Over the past 30 days, the shares of Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) have changed -22.01%. Short interest in the company has seen 32.71 million shares shorted with days to cover at 7.54.
Wall Street analysts have a consensus price target for the stock at $1.75, which means that the shares’ value could jump 48.57% from current levels. The projected low price target is $1.5 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is -122.22% off the targeted high while a plunge would see the stock gain -66.67% from current levels.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Figures show that Polestar Automotive Holding UK PLC ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 31.06% over the past 6 months, with this year growth rate of 18.46%, compared to -10.40% for the industry. Revenue growth from the last financial year stood is estimated to be -5.49%.
1 analysts offering their estimates for the company have set an average revenue estimate of 534.58M for the current quarter. 1 have an estimated revenue figure of 806.7M for the next ending quarter. Year-ago sales stood 613.18M and 533.22M respectively for this quarter and the next, and analysts expect sales will shrink by -12.82% for the current quarter and -5.49% for the next.
Earnings growth for 2024 is a modest -4.01% while over the next 5 years, the company’s earnings are expected to increase by 24.02%.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR is expected to release its next earnings report in January 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 AMF TJANSTEPENSION AB with over 21.97 million shares worth more than $17.28 million. As of 2024-06-30, AMF TJANSTEPENSION AB held 1.041% of shares outstanding.
The other major institutional holder is SWEDBANK AB, with the holding of over 11.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.24 million and represent 0.5564% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund and iShares Self-Driving EV and Tech ETF . As of Oct 31, 2024 , the former fund manager holds about 0.62% shares in the company for having 2.9 shares of worth $2.63 million while later fund manager owns 1.22 shares of worth $1.1 million as of Sep 30, 2024 , which makes it owner of about 0.26% of company’s outstanding stock.
