Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s traded shares stood at 1.82 million during the latest session, with the company’s beta value hitting 1.53. At the last check today, the stock’s price was $1.08, to imply a decrease of -0.47% or -$0.01 in intraday trading. The PSNY share’s 52-week high remains $2.33, putting it -115.74% down since that peak but still an impressive 43.52% since price per share fell to its 52-week low of $0.61. The company has a valuation of $505.34M, with an average of 6.69 million shares in intraday trading volume over the past 10 days and average of 4.95 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Polestar Automotive Holding UK PLC ADR (PSNY), translating to a mean rating of 3.60. Of 4 analyst(s) looking at the stock, 1 analyst(s) give PSNY a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.13.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
After registering a -0.47% downside in the latest session, Polestar Automotive Holding UK PLC ADR (PSNY) has traded red over the past five days. The 5-day price performance for the stock is -6.10%, and 11.73% over 30 days. With these gigs, the year-to-date price performance is 2.85%. Short interest in Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) saw shorts transact 34.61 million shares and set a 6.78 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, PSNY has been trading -38.89% off suggested target high and -38.89% from its likely low.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Looking at statistics comparing Polestar Automotive Holding UK PLC ADR share performance against respective industry, we note that the company has outperformed competitors. Polestar Automotive Holding UK PLC ADR (PSNY) shares are 19.99% up over the last 6 months, with its year-to-date growth rate higher than industry average at 18.46% against -9.00%. The rating firms project that company’s revenue will shrink -16.17% compared to the previous financial year. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 572.13M.
PSNY Dividends
Polestar Automotive Holding UK PLC ADR has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
The next major institution holding the largest number of shares is SWEDBANK AB with 11.74 million shares, or about 0.5564% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.24 million.
We also have First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund and iShares Self-Driving EV and Tech ETF as the top two Mutual Funds with the largest holdings of the Polestar Automotive Holding UK PLC ADR (PSNY) shares. Going by data provided on Nov 30, 2024, First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund holds roughly 2.78 shares. This is just over 0.59% of the total shares, with a market valuation of $3.02 million. Data from the same date shows that the other fund manager holds a little less at 1.23, or 0.26% of the shares, all valued at about 1.34 million.
