Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) shares, rose in value on Wednesday, March 26, with the stock price up by 0.90% to the previous day’s close as strong demand from buyers drove the stock to $1.12.
Actively observing the price movement in the last trading, the stock closed the session at $1.11, falling within a range of $1.1 and $1.14. The value of beta (5-year monthly) was 2.155. Referring to stock’s 52-week performance, its high was $1.94, and the low was $0.61. On the whole, PSNY has fluctuated by 4.67% over the past month.
With the market capitalization of Polestar Automotive Holding UK PLC ADR currently standing at about $524.10 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSNY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PSNY currently trading nearly 0.40% and 2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.51, while the 7-day volatility ratio is showing 3.85% which for the 30-day chart, stands at 5.75%. Furthermore, Polestar Automotive Holding UK PLC ADR (PSNY)’s beta value is 1.45, and its average true range (ATR) is 0.06.
A comparison of Polestar Automotive Holding UK PLC ADR (PSNY) with its peers suggests the former has fared considerably weaker in the market. PSNY showed an intraday change of 0.90% in last session, and over the past year, it shrunk by -30.86%%.
Data on historical trading for Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) indicates that the trading volumes over the past 10 days have averaged 4.27 and over the past 3 months, they’ve averaged 5.18 million. According to company’s latest data on outstanding shares, there are 467.95 million shares outstanding.
Nearly 0.06% of Polestar Automotive Holding UK PLC ADR’s shares belong to company insiders and institutional investors own 17.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 41.44 million shares as on 2025-03-14, resulting in a short ratio of 7.42. The stock has risen by 6.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSNY stock heading into the next quarter.
