Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) price on current trading day, rose 3.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.11.
A look at the stock’s price movement, the close in the last trading session was $1.07. Turning to its 52-week performance, $2.17 and $0.61 were the 52-week high and 52-week low respectively. Overall, PSNY moved 7.77% over the past month.
Polestar Automotive Holding UK PLC ADR’s market cap currently stands at around $519.42 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 Hold 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 2.16% and 3.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.20, while 7-day volatility ratio is 6.52% and 5.14% in the 30-day chart. Further, Polestar Automotive Holding UK PLC ADR (PSNY) has a beta value of 1.50, and an average true range (ATR) of 0.06. 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 -35.14% off current price level while to achieve the yearly target high, price needs to move -35.14%. Nonetheless, investors will most likely welcome a -35.14% 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 5.23 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 17.71% of the company’s shares. Current price change has pushed the stock 5.71% 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.
