Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PSNY is 467.67M, and currently, short sellers hold a 5.39% ratio of that floaft. The average trading volume of PSNY on March 28, 2024 was 3.36M shares.
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PSNY) stock’s latest price update
The stock of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) has decreased by 0.00 when compared to last closing price of 1.60. Despite this, the company has experienced a -0.62% fall in its stock price over the last five trading sessions. Yahoo Finance reported 2024-03-27 that Yahoo Finance’s Pras Subramanian is Live at the 2024 New York Auto Show, where he is joined by Polestar (PSNY) CEO Thomas Ingenlath to discuss the release of the company’s new SUVs, the Polestar 3 and Polestar 4. Ingenlath describes the Polestar 3 as “the heart of the company,” highlighting its “premium performance” capabilities and status as one of the first SUVs in the company’s portfolio.
PSNY’s Market Performance
Polestar Automotive Holding UK PLC ADR (PSNY) has experienced a -0.62% fall in stock performance for the past week, with a 7.38% rise in the past month, and a -35.74% drop in the past quarter. The volatility ratio for the week is 5.19%, and the volatility levels for the past 30 days are at 8.53% for PSNY. The simple moving average for the last 20 days is -5.80% for PSNY stock, with a simple moving average of -40.89% for the last 200 days.
Analysts’ Opinion of PSNY
Many brokerage firms have already submitted their reports for PSNY stocks, with Piper Sandler repeating the rating for PSNY by listing it as a “Neutral.” The predicted price for PSNY in the upcoming period, according to Piper Sandler is $2 based on the research report published on March 15, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see PSNY reach a price target of $1.15. The rating they have provided for PSNY stocks is “Underperform” according to the report published on January 24th, 2024.
Piper Sandler gave a rating of “Overweight” to PSNY, setting the target price at $3 in the report published on November 01st of the previous year.
PSNY Trading at -10.00% from the 50-Day Moving Average
After a stumble in the market that brought PSNY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.74% of loss for the given period.
Volatility was left at 8.53%, however, over the last 30 days, the volatility rate increased by 5.19%, as shares sank -12.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.43% lower at present.
During the last 5 trading sessions, PSNY fell by -0.62%, which changed the moving average for the period of 200-days by -51.81% in comparison to the 20-day moving average, which settled at $1.6870. In addition, Polestar Automotive Holding UK PLC ADR saw -29.20% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PSNY
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 0.03 for the gross margin
The net margin for Polestar Automotive Holding UK PLC ADR stands at -0.26. The total capital return value is set at 8.2.
Based on Polestar Automotive Holding UK PLC ADR (PSNY), the company’s capital structure generated 1.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.47. The debt to equity ratio resting at -4.72. The interest coverage ratio of the stock is -3.42.
Currently, EBITDA for the company is -720.35 million with net debt to EBITDA at -2.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 7.88for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In a nutshell, Polestar Automotive Holding UK PLC ADR (PSNY) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
