Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) is -0.95% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $2.33 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 $1.00 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.04, the stock is -4.83% and -3.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing 4.00% at the moment leaves the stock -6.17% off its SMA200. PSNY registered -54.98% loss for a year compared to 6-month gain of 44.12%. The firm has a 50-day simple moving average (SMA 50) of $1.07794 and a 200-day simple moving average (SMA200) of $1.110495.
The stock witnessed a -6.31% loss in the last 1 month and extending the period to 3 months gives it a -24.64%, and is 1.96% 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 6.05% over the week and 8.16% over the month.
Profit margin for the company is -78.39%. Distance from 52-week low is 70.46% and -55.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-721.32%).
The EPS is expected to shrink by -6.29% this year, but quarterly earnings will post -16.17% year-over-year.
The shares outstanding are 467.95M, and float is at 467.95M with Short Float at 7.54%.
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.
