Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) is -1.43% 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 $1.00 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.03, the stock is -0.62% and -4.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing 3.77% at the moment leaves the stock -7.52% off its SMA200. PSNY registered -29.11% loss for a year compared to 6-month loss of -29.83%. The firm has a 50-day simple moving average (SMA 50) of $1.08196 and a 200-day simple moving average (SMA200) of $1.11921.
The stock witnessed a -9.21% gain in the last 1 month and extending the period to 3 months gives it a -9.21%, and is 11.73% 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 11.49% over the week and 7.03% over the month.
Profit margin for the company is -78.39%. Distance from 52-week low is 69.64% and -46.65% 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
141.0 institutions hold shares in Polestar Automotive Holding UK PLC ADR (PSNY), with institutional investors hold 21.90% of the company’s shares. The shares outstanding are 467.95M, and float is at 467.67M with Short Float at 8.92%. 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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