Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) price on Wednesday, February 05, remained unchanged to $1.08.
A look at the stock’s price movement, the close in the last trading session was $1.08, moving within a range at $1.08 and $1.12. The beta value (5-Year monthly) was 2.294. Turning to its 52-week performance, $2.17 and $0.61 were the 52-week high and 52-week low respectively. Overall, PSNY moved -11.48% over the past month.
Polestar Automotive Holding UK PLC ADR’s market cap currently stands at around $505.39 million, with investors looking forward to this quarter’s earnings report slated for in March.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.99B, representing a -16.17% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PSNY is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend PSNY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PSNY’s current price about 0.16% and 0.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.22, while 7-day volatility ratio is 6.08% and 7.65% in the 30-day chart. Further, Polestar Automotive Holding UK PLC ADR (PSNY) has a beta value of 1.51, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is -38.89% off current price level while to achieve the yearly target high, price needs to move -38.89%. Nonetheless, investors will most likely welcome a -38.89% jump to $1.5 which is the analysts’ median price.
If we refocus on Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY), historical trading data shows that trading volumes averaged 4.98 over the past 10 days and 5.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 467.95 million shares.
The 0.06% of Polestar Automotive Holding UK PLC ADR’s shares are in the hands of company insiders while institutional holders own 15.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.61 million on 2025-01-15, giving us a short ratio of 5.59. Current price change has pushed the stock 2.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PSNY stock continues to rise going into the next quarter.
