Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Get Free Report) Director Quan (Joe) Zhang acquired 1,700 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $17.70 per share, for a total transaction of $30,090.00. Following the completion of the transaction, the director owned 3,300 shares in the company, valued at approximately $58,410. This represents a 106.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Polestar Automotive Holding UK Price Performance
PSNY opened at $20.44 on Friday. The stock has a fifty day moving average of $20.16 and a 200-day moving average of $51.94. The firm has a market capitalization of $1.91 billion, a P/E ratio of -1.05 and a beta of 1.32. Polestar Automotive Holding UK PLC has a 12-month low of $11.75 and a 12-month high of $42.60.
Polestar Automotive Holding UK (NASDAQ:PSNY – Get Free Report) last issued its earnings results on Friday, April 17th. The company reported ($12.47) EPS for the quarter. The firm had revenue of $817.75 million during the quarter. On average, analysts expect that Polestar Automotive Holding UK PLC will post -8.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PSNY shares. Weiss Ratings upgraded Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Polestar Automotive Holding UK has a consensus rating of “Sell”.
View Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Company Profile
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.
The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.
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