Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Get Free Report) shot up 1.5% during trading on Friday. The stock traded as high as $4.17 and last traded at $4.10. 158,129 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 317,274 shares. The stock had previously closed at $4.04.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on PSNY. Weiss Ratings lowered shares of Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. Wall Street Zen cut shares of Polestar Automotive Holding UK from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. Cantor Fitzgerald restated an “underweight” rating on shares of Polestar Automotive Holding UK in a research note on Friday, October 9th. Finally, Barclays lowered their target price on Polestar Automotive Holding UK from $15.00 to $5.00 and set an “underweight” rating for the company in a report on Friday, October 9th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and an average price target of $5.00.
Check Out Our Latest Research Report on PSNY
Polestar Automotive Holding UK Price Performance
The firm’s fifty day moving average price is $7.14 and its 200-day moving average price is $15.35. The company has a market cap of $382.69 million, a price-to-earnings ratio of -0.27 and a beta of 1.44.
Polestar Automotive Holding UK (NASDAQ:PSNY – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.19) by ($0.96). The company had revenue of $680.05 million for the quarter, compared to analyst estimates of $878.10 million. As a group, equities analysts forecast that Polestar Automotive Holding UK PLC will post -0.40 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new stake in shares of Polestar Automotive Holding UK during the second quarter valued at approximately $65,000. Public Employees Retirement System of Ohio bought a new position in Polestar Automotive Holding UK in the 2nd quarter worth approximately $277,000. EverSource Wealth Advisors LLC grew its holdings in Polestar Automotive Holding UK by 28,277.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company’s stock worth $47,000 after buying an additional 2,545 shares in the last quarter. California State Teachers Retirement System grew its holdings in Polestar Automotive Holding UK by 184.5% in the 1st quarter. California State Teachers Retirement System now owns 46,546 shares of the company’s stock worth $857,000 after buying an additional 30,185 shares in the last quarter. Finally, Swiss National Bank increased its position in Polestar Automotive Holding UK by 195.4% in the 1st quarter. Swiss National Bank now owns 88,893 shares of the company’s stock valued at $1,637,000 after acquiring an additional 58,800 shares during the period. Institutional investors own 1.02% of the company’s stock.
About Polestar Automotive Holding UK
Polestar Automotive Holding UK plc is an electric vehicle company operating under the Polestar brand. The company develops, markets and sells premium battery-electric vehicles, with an emphasis on Scandinavian design, technology, sustainability and digital customer experiences.
Polestar’s vehicle lineup has included the Polestar 2 fastback, Polestar 3 electric SUV and Polestar 4 electric performance SUV coupe. The company is also developing additional models, including the Polestar 5 four-door grand tourer and Polestar 6 electric roadster.
Featured Articles
- Five stocks we like better than Polestar Automotive Holding UK
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.
