In the latest trading session, 1.09 million Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) shares changed hands as the company’s beta touched 1.42. With the company’s most recent per share price at $1.09 changed hands at -$0.03 or -2.68% at last look, the market valuation stands at $510.07M. PSNY’s current price is a discount, trading about -77.98% off its 52-week high of $1.94. The share price had its 52-week low at $0.61, which suggests the last value was 44.04% up since then. When we look at Polestar Automotive Holding UK PLC ADR’s average trading volume, we note the 10-day average is 5.93 million shares, with the 3-month average coming to 5.53 million.
Analysts gave the Polestar Automotive Holding UK PLC ADR (PSNY) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.60. 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 -0.13.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) trade information
Instantly PSNY was in red as seen in intraday trades today. With action -9.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 3.81%, with the 5-day performance at -9.92% in the red. However, in the 30-day time frame, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) is -0.91% down. Looking at the short shares, we see there were 41.23 million shares sold at short interest cover period of 7.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 63.67% from its recent market value. According to analyst projections, PSNY’s forecast low is 1.5 with 10 as the target high. To hit the forecast high, the stock’s price needs a -817.43% plunge from its current level, while the stock would need to soar -37.61% for it to hit the projected low.
Polestar Automotive Holding UK PLC ADR (PSNY) estimates and forecasts
Year-over-year growth is forecast to reach -16.17% down from the last financial year. 2 analysts are of the opinion that Polestar Automotive Holding UK PLC ADR’s revenue for the current quarter will be 572.13M. The estimates for the next quarter sales put growth at 7.30%.
Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 81.43% of Polestar Automotive Holding UK PLC ADR shares while 4.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.92%. There are 4.07% institutions holding the Polestar Automotive Holding UK PLC ADR stock share, with AMF TJANSTEPENSION AB the top institutional holder. As of 2024-06-30, the company held 1.041% of the shares, roughly 21.97 million PSNY shares worth $17.28 million.
SWEDBANK AB holds the second largest percentage of outstanding shares, with 0.5563% or 11.74 million shares worth $9.24 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core MSCI EAFE ETF and iShares MSCI EAFE Small Cap ETF. With 2.59 shares estimated at $2.83 million under it, the former controlled 0.55% of total outstanding shares. On the other hand, iShares MSCI EAFE Small Cap ETF held about 0.28% of the shares, roughly 1.32 shares worth around $1.44 million.
