Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) price on current trading day, fall -2.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.09.
A look at the stock’s price movement, the level at last check in today’s session was $1.11, moving within a range at $1.08 and $1.1095. The beta value (5-Year monthly) was 2.155. Turning to its 52-week performance, $1.94 and $0.61 were the 52-week high and 52-week low respectively. Overall, PSNY moved -1.36% over the past month.
Polestar Automotive Holding UK PLC ADR’s market cap currently stands at around $507.73 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-15.
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 50% Buy. On the other hand, the stock is on average a 25% 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 -2.58% and -1.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.59, while 7-day volatility ratio is 4.55% and 6.30% in the 30-day chart. Further, Polestar Automotive Holding UK PLC ADR (PSNY) has a beta value of 1.42, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $1.5 and high of $10. Looking at the price targets, the low is -37.61% off recent price level in today’s trading while to achieve the yearly target high, it has to move -817.43%. Nonetheless, investors will most likely welcome a -175.23% jump to $3 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 5.65 over the past 10 days and 5.36 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 17.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 41.23 million on 2025-02-28, giving us a short ratio of 7.52. Current price change has pushed the stock 3.33% 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.
