Company’s 36-month beta value is 1.36.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 8.30% ratio of that floaft. The average trading volume of PSNY on September 16, 2024 was 14.08M 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 3.16 in comparison to its previous close of 1.58, however, the company has experienced a 18.12% increase in its stock price over the last five trading days. fool.com reported 2024-09-14 that Polestar’s stock has plunged nearly 90% since its public debut. Its growth was throttled by supply chain and software issues.
PSNY’s Market Performance
Polestar Automotive Holding UK PLC ADR (PSNY) has seen a 18.12% rise in stock performance for the week, with a 115.47% gain in the past month and a 126.39% surge in the past quarter. The volatility ratio for the week is 7.93%, and the volatility levels for the past 30 days are at 11.86% for PSNY. The simple moving average for the past 20 days is 43.58% for PSNY’s stock, with a 14.82% simple moving average for the past 200 days.
Analysts’ Opinion of PSNY
Many brokerage firms have already submitted their reports for PSNY stocks, with Deutsche Bank repeating the rating for PSNY by listing it as a “Hold.” The predicted price for PSNY in the upcoming period, according to Deutsche Bank is $1.50 based on the research report published on September 10, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PSNY reach a price target of $2, previously predicting the price at $3. The rating they have provided for PSNY stocks is “Neutral” according to the report published on March 15th, 2024.
Bernstein gave a rating of “Underperform” to PSNY, setting the target price at $1.15 in the report published on January 24th of the current year.
PSNY Trading at 73.57% 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 -44.56% of loss for the given period.
Volatility was left at 11.86%, however, over the last 30 days, the volatility rate increased by 7.93%, as shares surge +120.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +83.10% upper at present.
During the last 5 trading sessions, PSNY rose by +18.12%, which changed the moving average for the period of 200-days by -20.10% in comparison to the 20-day moving average, which settled at $1.1797. In addition, Polestar Automotive Holding UK PLC ADR saw -27.88% 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:
- -0.71 for the present operating margin
- -0.22 for the gross margin
The net margin for Polestar Automotive Holding UK PLC ADR stands at -0.68. The total capital return value is set at -0.21. Equity return is now at value -207.55, with -34.66 for asset returns.
Currently, EBITDA for the company is -1.41 billion with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
