Polestar Automotive Holding UK PLC (NASDAQ: PSNYW) is -60.94% lower on its value in year-to-date trading and has touched a low of $0.54 and a high of $5.40 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 PSNYW stock was last observed hovering at around $1.44 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $10.50 for the next 12 months. It is also 87.5% off the consensus price target high of $12.00 offered by analysts, but current levels are 83.33% higher than the price target low of $9.00 for the same period.
Currently trading at $1.50, the stock is 63.05% and 48.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing 4.17% at the moment leaves the stock -28.73% off its SMA200. PSNYW registered -68.02% loss for a year compared to 6-month loss of -35.34%.
The stock witnessed a 111.24% gain in the last 1 month and extending the period to 3 months gives it a -13.29%, and is 3.45% up 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 15.18% over the week and 19.04% over the month.
Distance from 52-week low is 177.78% and -72.22% from its 52-week high.
Polestar Automotive Holding UK PLC (PSNYW) Analyst Forecasts
Polestar Automotive Holding UK PLC is expected to release its quarterly report on 03/01/2023.
Polestar Automotive Holding UK PLC (PSNYW) Top Institutional Holders
The shares float is at 50.07M with Short Float at 0.11%.