The price of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) shares last traded on Wall Street fell -2.76% to $4.23.
Based on available information, 7 analysts follow Polestar Automotive Holding UK PLC (NASDAQ:PSNY). 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 $5.00. Given the previous closing price of $4.35, this indicates a potential upside of 14.94 percent. PSNY stock price is now 12.28% away from the 50-day moving average and -9.52% away from the 200-day moving average. The market capitalization of the company currently stands at $9.18B.
Among analysts, 3 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $5.40 as their price target over the next twelve months.
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 $761,000. HITE HEDGE ASSET MANAGEMENT LLC invested $622,000 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 $274,000. PATHSTONE FAMILY OFFICE, LLC acquired a new stake in PSNY for approximately $190,000. GALLAGHER FIDUCIARY ADVISORS, LLC purchased a new stake in PSNY valued at around $161,000 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 $4.3400 on Friday morning. During the past 12 months, Polestar Automotive Holding UK PLC has had a low of $3.14 and a high of $10.12. The fifty day moving average price for PSNY is $3.7725 and a two-hundred day moving average price translates $4.6704 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 $756.15M 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.
