The price of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) shares last traded on Wall Street rose 5.45% to $4.26.
PSNY stock price is now 19.01% away from the 50-day moving average and -10.52% away from the 200-day moving average. The market capitalization of the company currently stands at $8.78B.
With the price target of $7, Cantor Fitzgerald recently initiated with Overweight rating for Polestar Automotive Holding UK PLC (NASDAQ: PSNY).
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 $767,000. HITE HEDGE ASSET MANAGEMENT LLC invested $627,000 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 $275,000. PATHSTONE FAMILY OFFICE, LLC acquired a new stake in PSNY for approximately $192,000. GALLAGHER FIDUCIARY ADVISORS, LLC purchased a new stake in PSNY valued at around $162,000 in the second quarter. In total, there are 95 active investors with 6.10% ownership of the company’s stock.
A candlestick chart of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) showed a price of $4.3000 on Thursday morning. During the past 12 months, Polestar Automotive Holding UK PLC has had a low of $3.14 and a high of $10.70. The fifty day moving average price for PSNY is $3.5935 and a two-hundred day moving average price translates $4.7439 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.
