Company’s 36-month beta value is 1.34.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 9.31% ratio of that floaft. The average trading volume of PSNY on August 30, 2024 was 13.28M shares.
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PSNY) stock’s latest price update
Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY)’s stock price has gone rise by 11.98 in comparison to its previous close of 1.07, however, the company has experienced a 34.67% increase in its stock price over the last five trading days. marketbeat.com reported 2024-08-30 that Polestar Automotive NASDAQ: PSNY is an electric vehicle company that has seen a shock to its share price over the past 52 weeks. Prior to its recent earnings release, shares were down 70%.
PSNY’s Market Performance
PSNY’s stock has risen by 34.67% in the past week, with a monthly rise of 71.07% and a quarterly rise of 53.05%. The volatility ratio for the week is 16.03% while the volatility levels for the last 30 days are 12.29% for Polestar Automotive Holding UK PLC ADR The simple moving average for the past 20 days is 47.05% for PSNY’s stock, with a -17.42% simple moving average for the past 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 45.30% 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 -69.12% of loss for the given period.
Volatility was left at 12.29%, however, over the last 30 days, the volatility rate increased by 16.03%, as shares surge +72.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.80% upper at present.
During the last 5 trading sessions, PSNY rose by +33.76%, which changed the moving average for the period of 200-days by -42.51% in comparison to the 20-day moving average, which settled at $0.8398. In addition, Polestar Automotive Holding UK PLC ADR saw -46.98% 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:
- -0.69 for the present operating margin
- -0.21 for the gross margin
The net margin for Polestar Automotive Holding UK PLC ADR stands at -0.66. The total capital return value is set at -1.31.
Based on Polestar Automotive Holding UK PLC ADR (PSNY), the company’s capital structure generated 2.35 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at -1.74. The interest coverage ratio of the stock is -4.76.
Currently, EBITDA for the company is -1.41 billion with net debt to EBITDA at -1.36. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In a nutshell, Polestar Automotive Holding UK PLC ADR (PSNY) has experienced a mixed 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.
