The stock of Polestar Automotive Holding UK PLC ADR (PSNY) has gone down by -16.57% for the week, with a -10.76% drop in the past month and a 50.00% rise in the past quarter. The volatility ratio for the week is 7.41%, and the volatility levels for the past 30 days are 9.06% for PSNY. The simple moving average for the past 20 days is -14.64% for PSNY’s stock, with a 4.12% simple moving average for the past 200 days.
Is It Worth Investing in Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) Right Now?
Moreover, the 36-month beta value for PSNY is 1.48. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PSNY is 467.67M and currently, short sellers hold a 7.19% of that float. On October 11, 2024, PSNY’s average trading volume was 10.02M shares.
PSNY) stock’s latest price update
The stock of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) has decreased by -4.41 when compared to last closing price of 1.48.Despite this, the company has seen a loss of -16.57% in its stock price over the last five trading days. reuters.com reported 2024-10-11 that Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14% in the third quarter.
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 10.83% 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 -51.38% of loss for the given period.
Volatility was left at 9.06%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares sank -13.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +101.31% upper at present.
During the last 5 trading sessions, PSNY fell by -16.57%, which changed the moving average for the period of 200-days by -43.37% in comparison to the 20-day moving average, which settled at $1.6517. In addition, Polestar Automotive Holding UK PLC ADR saw -37.61% 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 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To wrap up, the performance of Polestar Automotive Holding UK PLC ADR (PSNY) has been bad in recent times. The stock has received a mixed of “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.
