Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) is -51.33% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $2.56 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 $1.08 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.09, the stock is 4.55% and -4.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 0.93% at the moment leaves the stock -6.44% off its SMA200. PSNY registered -52.17% loss for a year compared to 6-month gain of 55.94%. The firm has a 50-day simple moving average (SMA 50) of $1.14844 and a 200-day simple moving average (SMA200) of $1.16787.
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The stock witnessed a -3.51% loss in the last 1 month and extending the period to 3 months gives it a -35.67%, and is 21.59% 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 10.38% over the week and 7.93% over the month.
Profit margin for the company is -67.89%. Distance from 52-week low is 78.66% and -57.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-644.22%).
with sales reaching $534.58M over the same period.The EPS is expected to shrink by -4.01% this year, but quarterly earnings will post -5.49% year-over-year. Quarterly sales are estimated to shrink -12.82% in year-over-year returns.
The shares outstanding are 467.95M, and float is at 467.67M with Short Float at 8.20%.
The top institutional shareholder in the company is AMF TJANSTEPENSION AB with over 21.97 million shares valued at $17.28 million. The investor’s holdings represent 1.041 of the PSNY Shares outstanding. As of 2024-06-30, the second largest holder is SWEDBANK AB with 11.74 million shares valued at $9.24 million to account for 0.5564 of the shares outstanding. The other top investors are ALECTA TJANSTEPENSION OMSESIDIGT which holds 5.92 million shares representing 0.2808 and valued at over $4.65 million, while FJARDE AP-FONDEN (THE FOURTH SWEDISH NATIONAL PENSIONFUND) holds 0.207 of the shares totaling 4.37 million with a market value of $3.44 million.
