The 36-month beta value for PSNY is at 1.53. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PSNY is 467.67M, and currently, shorts hold a 6.99% of that float. The average trading volume for PSNY on December 09, 2024 was 5.45M shares.
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PSNY) stock’s latest price update
The stock price of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) has jumped by 5.54 compared to previous close of 1.10. Despite this, the company has seen a gain of 8.50% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-12-05 that Polestar is a pure-play electric vehicle manufacturer on the cusp of an inflection point, according to Bank of America analysts. Polestar “offers pure-play exposure to the growing EV market, is nearing an inflection point in sales volumes, and is improving its earnings profile”, they said in a research note.
PSNY’s Market Performance
Polestar Automotive Holding UK PLC ADR (PSNY) has seen a 8.50% rise in stock performance for the week, with a -8.23% decline in the past month and a -26.53% plunge in the past quarter. The volatility ratio for the week is 6.55%, and the volatility levels for the past 30 days are at 7.85% for PSNY. The simple moving average for the past 20 days is 3.28% for PSNY’s stock, with a -3.72% simple moving average for the past 200 days.
Analysts’ Opinion of PSNY
Many brokerage firms have already submitted their reports for PSNY stocks, with BofA Securities repeating the rating for PSNY by listing it as a “Neutral.” The predicted price for PSNY in the upcoming period, according to BofA Securities is $1.25 based on the research report published on December 05, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PSNY reach a price target of $1.50. The rating they have provided for PSNY stocks is “Hold” according to the report published on September 10th, 2024.
Piper Sandler gave a rating of “Neutral” to PSNY, setting the target price at $2 in the report published on March 15th of the current year.
PSNY Trading at -8.91% 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 -56.19% of loss for the given period.
Volatility was left at 7.85%, however, over the last 30 days, the volatility rate increased by 6.55%, as shares sank -6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.89% lower at present.
During the last 5 trading sessions, PSNY rose by +7.94%, which changed the moving average for the period of 200-days by -11.83% in comparison to the 20-day moving average, which settled at $1.1237. In addition, Polestar Automotive Holding UK PLC ADR saw -48.63% 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 -2.28. Equity return is now at value -207.55, with -34.66 for asset returns.
Based on Polestar Automotive Holding UK PLC ADR (PSNY), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.6. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is -4.49.
Currently, EBITDA for the company is -809.9 million with net debt to EBITDA at -3.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In conclusion, Polestar Automotive Holding UK PLC ADR (PSNY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
