Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $0.70, but opened at $0.72. Polestar Automotive Holding UK shares last traded at $0.71, with a volume of 780,025 shares.
Wall Street Analyst Weigh In
Several analysts have weighed in on PSNY shares. Citigroup lowered their target price on Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating on the stock in a report on Thursday, May 16th. Piper Sandler restated a "neutral" rating and issued a $2.00 target price (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price objective on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $3.48.
Read Our Latest Stock Analysis on PSNY
Polestar Automotive Holding UK Stock Performance
The business's 50 day moving average price is $1.03 and its 200-day moving average price is $1.58.
Institutional Trading of Polestar Automotive Holding UK
Several hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in Polestar Automotive Holding UK by 10.7% during the 3rd quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after acquiring an additional 273,479 shares during the period. Green Alpha Advisors LLC acquired a new position in Polestar Automotive Holding UK during the 4th quarter valued at about $616,000. Tobam raised its position in shares of Polestar Automotive Holding UK by 24.0% during the 4th quarter. Tobam now owns 1,136,540 shares of the company's stock worth $2,569,000 after buying an additional 220,147 shares in the last quarter. Mariner LLC lifted its stake in shares of Polestar Automotive Holding UK by 207.5% in the 3rd quarter. Mariner LLC now owns 252,901 shares of the company's stock worth $668,000 after acquiring an additional 170,660 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter valued at approximately $351,000. Institutional investors own 1.02% of the company's stock.
About Polestar Automotive Holding UK
(
Get Free Report)
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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