Stocks of Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) traded higher last session on Wall Street, down -8.07% to $2.05.
According to the data, Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) has 9 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $1.60, we find $3.50. Given the previous closing price of $2.23, this indicates a potential upside of 56.95 percent. PSNY stock price is now -16.68% away from the 50-day moving average and -44.21% away from the 200-day moving average. The market capitalization of the company currently stands at $959.22M.
A total of 3 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $4.26 as their price target over the next twelve months.
With the price target of $3, Piper Sandler recently initiated with Overweight rating for Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY).
A total of 0.06% of the company’s stock is owned by insiders.
Thursday’s opening bell rang with an opening price of $2.2400 for Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY). During the past 12 months, Polestar Automotive Holding UK PLC ADR has had a low of $1.98 and a high of $8.25. The fifty day moving average price for PSNY is $2.4605 and a two-hundred day moving average price translates $3.6742 for the stock.
The latest earnings results from Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) was released for Sep, 2023. The company reported revenue of $613.18 million for the quarter, compared to $435.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.82 percent. For the current quarter, analysts expect PSNY to generate $613.18M in revenue.
Polestar Automotive Holding UK PLC ADR(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.