In the latest trading session, 2.47 million Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) shares changed hands as the company’s beta touched 1.50. With the company’s most recent per share price at $1.14 changing hands around $0.0 or 0.44% at last look, the market valuation stands at $535.80M. PSNY’s current price is a discount, trading about -104.39% off its 52-week high of $2.33. The share price had its 52-week low at $0.61, which suggests the last value was 46.49% up since then. When we look at Polestar Automotive Holding UK PLC ADR’s average trading volume, we note the 10-day average is 5.51 million shares, with the 3-month average coming to 4.86 million.
Analysts gave the Polestar Automotive Holding UK PLC ADR (PSNY) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.17. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PSNY as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Polestar Automotive Holding UK PLC ADR’s EPS for the current quarter is expected to be -0.15.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Instantly PSNY is in green as seen in intraday trades today. With action 0.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 9.05%, with the 5-day performance at 0.44% in the green. However, in the 30-day time frame, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 7.01% up. Looking at the short shares, we see there were 34.61 million shares sold at short interest cover period of 6.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 24.0% from its recent market value. According to analyst projections, PSNY’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a -31.58% plunge from its current level, while the stock would need to soar -31.58% for it to hit the projected low.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Data shows that the Polestar Automotive Holding UK PLC ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 21.81% over the past 6 months, a 18.46% in annual growth rate that is considerably higher than the industry average of -8.10%. Year-over-year growth is forecast to reach 6.16% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 634.04M. 2 analysts are of the opinion that Polestar Automotive Holding UK PLC ADR’s revenue for the current quarter will be 942.2M. The company’s revenue for the corresponding quarters a year ago was 613.18M and 533.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.40%. The estimates for the next quarter sales put growth at 76.70%.
The 2025 estimates are for Polestar Automotive Holding UK PLC ADR earnings to decrease by -2.39%, but the outlook for the next 5-year period is at 24.02% per year.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR is expected to release its next quarterly earnings report in February.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
SWEDBANK AB holds the second largest percentage of outstanding shares, with 0.5564% or 11.74 million shares worth $9.24 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund and iShares Self-Driving EV and Tech ETF. With 2.78 shares estimated at $3.14 million under it, the former controlled 0.59% of total outstanding shares. On the other hand, iShares Self-Driving EV and Tech ETF held about 0.26% of the shares, roughly 1.23 shares worth around $1.39 million.
