Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares shot up 5.6% during trading on Friday . The company traded as high as $0.94 and last traded at $0.94. 1,159,997 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 6,326,889 shares. The stock had previously closed at $0.89.
Wall Street Analyst Weigh In
PSNY has been the subject of several recent research reports. Citigroup lowered their price objective on Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating for the company in a research note on Thursday, May 16th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 target price on shares of Polestar Automotive Holding UK in a report on Monday. Piper Sandler restated a "neutral" rating and set a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, Barclays cut their target price on Polestar Automotive Holding UK from $2.00 to $1.00 and set an "underweight" rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $3.31.
Check Out Our Latest Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Trading Up 9.3 %
The firm has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.50.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several institutional investors have recently made changes to their positions in PSNY. Invesco Ltd. increased its stake in Polestar Automotive Holding UK by 10.7% in 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 last quarter. Green Alpha Advisors LLC bought a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth about $616,000. Tobam increased its holdings in Polestar Automotive Holding UK by 24.0% during the 4th quarter. Tobam now owns 1,136,540 shares of the company's stock valued at $2,569,000 after purchasing an additional 220,147 shares during the period. Mariner LLC increased its stake in shares of Polestar Automotive Holding UK by 207.5% during the third quarter. Mariner LLC now owns 252,901 shares of the company's stock valued at $668,000 after buying an additional 170,660 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in Polestar Automotive Holding UK during the 4th quarter valued at $351,000. 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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