In recent trading session, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) saw 1.55 million shares changing hands at last check today with its beta currently measuring 1.56. Company’s recent per share price level of $0.94 trading at $0.0 or 0.32% at last check today assigns it a market valuation of $439.87M. That most recent trading price of PSNY’s stock is at a discount of -172.34% from its 52-week high price of $2.56 and is indicating a premium of 35.11% 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 5.79 million shares which gives us an average trading volume of 4.92 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 3.17. 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 -0.15 in the current quarter.
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Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Upright in the green today for gaining 0.32%, in the last five days PSNY remained trading in the red while hitting it’s week-highest on Friday, 12/20/24 when the stock touched $0.94 price level, adding 7.84% to its value on the day. Polestar Automotive Holding UK PLC ADR’s shares saw a change of -58.41% in year-to-date performance and have moved -7.84% in past 5-day. Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) showed a performance of -9.62% in past 30-days. Number of shares sold short was 32.71 million shares which calculate 7.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.75 to the stock, which implies a rise of 46.29% to its recent value today. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would drop -59.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of -59.57% 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 added 33.67% of value to its shares in past 6 months, showing an annual growth rate of 18.46% while that of industry is -9.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.49% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 534.58M for the same. And 1 analysts are in estimates of company making revenue of 806.7M in the next quarter. Company posted 613.18M and 533.22M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -4.01% while estimates for its earnings growth in next 5 years are of 24.02%.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
AMF TJANSTEPENSION AB is the top institutional holder at PSNY for having 21.97 million shares of worth $17.28 million. And as of 2024-06-30, it was holding 1.041 of the company’s outstanding shares.
The second largest institutional holder is SWEDBANK AB, which was holding about 11.74 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.5564 of outstanding shares, having a total worth of $9.24 million.
