Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is -42.14% lower on its value in year-to-date trading and has touched a low of $6.17 and a high of $16.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSNY stock was last observed hovering at around $6.88 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $11.50 for the next 12 months. It is also 47.92% off the consensus price target high of $13.00 offered by 3 analysts, but current levels are 32.3% higher than the price target low of $10.00 for the same period.
Currently trading at $6.77, the stock is -10.18% and -21.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -1.60% at the moment leaves the stock -34.73% off its SMA200. PSNY registered -31.89% loss for a year compared to 6-month loss of -40.25%.
The stock witnessed a -21.19% gain in the last 1 month and extending the period to 3 months gives it a -37.55%, and is -13.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.80% over the week and 6.56% over the month.
Polestar Automotive Holding UK PLC (PSNY) has around 1300 employees, a market worth around $15.01B and $1.34B in sales. Profit margin for the company is -75.30%. Distance from 52-week low is 9.72% and -58.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-116.30%).
Polestar Automotive Holding UK PLC (PSNY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Polestar Automotive Holding UK PLC (PSNY) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Polestar Automotive Holding UK PLC is expected to release its quarterly report on 11/30/2022.The EPS is expected to shrink by -107.80% this year
Polestar Automotive Holding UK PLC (PSNY) Top Institutional Holders
The shares outstanding are 2.11B, and float is at 111.92M with Short Float at 7.39%.