What should you know before buying stock in Polestar Automotive Holding UK PLC ADR (PSNY)

Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) is -45.58% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $2.65 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 $1.23 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.23, the stock is -1.28% and -15.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.85 million and changing 0.00% at the moment leaves the stock -3.01% off its SMA200. PSNY registered -38.19% loss for a year compared to 6-month gain of -8.21%. The firm has a 50-day simple moving average (SMA 50) of $1.4477 and a 200-day simple moving average (SMA200) of $1.27301.

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The stock witnessed a -15.17% loss in the last 1 month and extending the period to 3 months gives it a 58.14%, and is 0.82% 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 6.75% over the week and 7.37% over the month.

Profit margin for the company is -67.89%. Distance from 52-week low is 101.61% and -53.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-644.22%).

with sales reaching $791.5M over the same period.The EPS is expected to grow by 1.21% this year, but quarterly earnings will post 38.20% year-over-year. Quarterly sales are estimated to grow 29.10% in year-over-year returns.

Polestar Automotive Holding UK PLC ADR (PSNY) Top Institutional Holders

The shares outstanding are 467.95M, and float is at 467.67M with Short Float at 7.27%.

The top institutional shareholder in the company is SWEDBANK AB with over 11.74 million shares valued at $9.24 million. The investor’s holdings represent 0.5564% of the PSNY Shares outstanding. As of 2024-06-30, the second largest holder is ALECTA TJANSTEPENSION OMSESIDIGT with 5.92 million shares valued at $4.65 million to account for 0.2808 of the shares outstanding. The other top investors are FJARDE AP-FONDEN (THE FOURTH SWEDISH NATIONAL PENSIONFUND) which holds 4.37 million shares representing 0.207% and valued at over $3.44 million, while TREDJE AP-FONDEN holds 0.1862 of the shares totaling 3.93 million with a market value of $3.09 million.