Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) is -16.69% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $1.94 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 $0.93 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.87, the stock is -17.85% and -19.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.79 million and changing -5.56% at the moment leaves the stock -21.40% off its SMA200. PSNY registered -43.92% loss for a year compared to 6-month loss of -48.24%. The firm has a 50-day simple moving average (SMA 50) of $1.08272 and a 200-day simple moving average (SMA200) of $1.112955.
The stock witnessed a -21.89% gain in the last 1 month and extending the period to 3 months gives it a -23.26%, and is -16.69% 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 10.71% over the week and 6.30% over the month.
Profit margin for the company is -78.39%. Distance from 52-week low is 43.39% and -54.91% from its 52-week high.
The EPS is expected to grow by 28.87% this year, but quarterly earnings will post -16.17% year-over-year.
Polestar Automotive Holding UK PLC ADR (PSNY) Top Institutional Holders
142.0 institutions hold shares in Polestar Automotive Holding UK PLC ADR (PSNY), with institutional investors hold 21.91% of the company’s shares. The shares outstanding are 467.95M, and float is at 467.67M with Short Float at 8.86%. Institutions hold 4.07% of the Float.
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 0.5563 of the shares outstanding. The other top investors are ALECTA TJANSTEPENSION OMSESIDIGT which holds 5.92 million shares representing 0.2807% and valued at over $4.65 million, while FJARDE AP-FONDEN (THE FOURTH SWEDISH NATIONAL PENSIONFUND) holds 0.2069 of the shares totaling 4.37 million with a market value of $3.44 million.
Polestar Automotive Holding UK PLC ADR (PSNY) Insider Activity
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