Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) has been given an average rating of "Reduce" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.53.
Several brokerages recently weighed in on PSNY. Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Bank of America assumed coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They set a "neutral" rating and a $1.25 price objective for the company.
Get Our Latest Stock Analysis on Polestar Automotive Holding UK
Institutional Investors Weigh In On Polestar Automotive Holding UK
Large investors have recently modified their holdings of the stock. MetLife Investment Management LLC lifted its holdings in Polestar Automotive Holding UK by 134.4% in the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock worth $26,000 after buying an additional 8,823 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $33,000. Bank of New York Mellon Corp purchased a new stake in Polestar Automotive Holding UK in the fourth quarter worth $37,000. Alliancebernstein L.P. bought a new position in Polestar Automotive Holding UK in the fourth quarter worth $42,000. Finally, Tobam purchased a new position in Polestar Automotive Holding UK during the fourth quarter valued at $65,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Price Performance
Polestar Automotive Holding UK stock traded down $0.02 during mid-day trading on Tuesday, hitting $1.12. The company's stock had a trading volume of 7,432,323 shares, compared to its average volume of 5,393,769. The business has a 50 day moving average price of $1.09 and a 200-day moving average price of $1.21. Polestar Automotive Holding UK has a 12 month low of $0.61 and a 12 month high of $1.94. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -1.96 and a beta of 1.49.
Polestar Automotive Holding UK Company Profile
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Get Free ReportPolestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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