Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Polestar Automotive Holding UK in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard expects that the company will post earnings per share of ($0.49) for the year. Cantor Fitzgerald has a "Neutral" rating on the stock. The consensus estimate for Polestar Automotive Holding UK's current full-year earnings is ($0.59) per share.
Separately, Bank of America initiated 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. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1.53.
View Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Stock Performance
NASDAQ PSNY traded down $0.02 on Wednesday, reaching $1.02. 3,499,045 shares of the company's stock traded hands, compared to its average volume of 6,536,984. Polestar Automotive Holding UK has a fifty-two week low of $0.61 and a fifty-two week high of $2.33. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -1.79 and a beta of 1.53. The stock has a 50 day moving average price of $1.08 and a 200-day moving average price of $1.15.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Several institutional investors and hedge funds have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Polestar Automotive Holding UK during the second quarter worth about $1,321,000. Geode Capital Management LLC increased its stake in Polestar Automotive Holding UK by 444.0% during the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock worth $1,471,000 after buying an additional 697,820 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Polestar Automotive Holding UK during the second quarter valued at approximately $407,000. Tidal Investments LLC lifted its position in shares of Polestar Automotive Holding UK by 78.3% in the third quarter. Tidal Investments LLC now owns 468,741 shares of the company's stock valued at $806,000 after acquiring an additional 205,890 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Polestar Automotive Holding UK in the second quarter worth approximately $266,000. Hedge funds and other institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
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Polestar 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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