In today’s recent session, 1.68 million shares of the Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) have been traded, and its beta is 1.54. Most recently the company’s share price was $1.08, and it changed around -$0.02 or -1.82% from the last close, which brings the market valuation of the company to $505.39M. PSNY at last check was trading at a discount to its 52-week high of $2.33, offering almost -115.74% off that amount. The share price’s 52-week low was $0.61, which indicates that the recent value has risen by an impressive 43.52% since then. We note from Polestar Automotive Holding UK PLC ADR’s average daily trading volume that its 10-day average is 6.45 million shares, with the 3-month average coming to 5.10 million.
Polestar Automotive Holding UK PLC ADR stock received a consensus recommendation rating of Hold, based on a mean score of 3.60. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended PSNY as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight. Polestar Automotive Holding UK PLC ADR is expected to report earnings per share of -0.13 for the current quarter.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Instantly PSNY has been showing red trend so far today with a performance of -1.82% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2400 on recent trading dayincreased the stock’s daily price by 12.9%. The company’s shares are currently up 2.86% year-to-date, but still down -6.90% over the last five days. On the other hand, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is 25.99% up in the 30-day period. We can see from the shorts that 34.61 million shares have been sold at a short interest cover period of 6.78 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 28.0% from its current value. Analyst projections state that PSNY is forecast to be at a low of $1.5 and a high of $1.5.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Polestar Automotive Holding UK PLC ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 29.12 percent over the past six months and at a 9.23% annual growth rate that is well above the industry average of -9.40%. The year-over-year growth rate is expected to be -16.17%, down from the previous year.
2 analysts expect Polestar Automotive Holding UK PLC ADR to make 572.13M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 7.30%.
Polestar Automotive Holding UK PLC ADR earnings are expected to increase by -6.29% in 2025, but the outlook is positive 24.02% per year for the next five years.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
SWEDBANK AB, with 0.5564% or 11.74 million shares worth $9.24 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund and iShares Self-Driving EV and Tech ETF were the top two Mutual Funds as of Nov 30, 2024. The former held 2.78 shares worth $2.96 million, making up 0.59% of all outstanding shares. On the other hand, iShares Self-Driving EV and Tech ETF held roughly 1.23 shares worth around $1.31 million, which represents about 0.26% of the total shares outstanding.
