The stock of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) last traded at $3.29, down -1.79% from the previous session.
Data from the available sources indicates that Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.50. Given the previous closing price of $3.35, this indicates a potential upside of 64.18 percent. PSNY stock price is now -9.39% away from the 50-day moving average and -39.40% away from the 200-day moving average. The market capitalization of the company currently stands at $7.15B.
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In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $5.50 as their price target over the next twelve months.
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A total of 47.97% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PSNY stock. A new stake in Polestar Automotive Holding UK PLC shares was purchased by QUINN OPPORTUNITY PARTNERS LLC during the first quarter worth $592,000. HITE HEDGE ASSET MANAGEMENT LLC invested $484,000 in shares of PSNY during the first quarter. In the first quarter, VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in Polestar Automotive Holding UK PLC valued at approximately $213,000. PATHSTONE FAMILY OFFICE, LLC acquired a new stake in PSNY for approximately $148,000. GALLAGHER FIDUCIARY ADVISORS, LLC purchased a new stake in PSNY valued at around $125,000 in the second quarter. In total, there are 95 active investors with 6.10% ownership of the company’s stock.
With an opening price of $3.3000 on Wednesday morning, Polestar Automotive Holding UK PLC (NASDAQ: PSNY) set off the trading day. During the past 12 months, Polestar Automotive Holding UK PLC has had a low of $3.14 and a high of $13.36. The fifty day moving average price for PSNY is $3.6172 and a two-hundred day moving average price translates $5.3965 for the stock.
The latest earnings results from Polestar Automotive Holding UK PLC (NASDAQ: PSNY) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.01, beating analysts’ expectations of -$0.12 by 0.11. This compares to -$1.14 EPS in the same period last year. For the current quarter, analysts expect PSNY to generate $612.4M in revenue.
Polestar Automotive Holding UK PLC(PSNY) Company Profile
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
