Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $1.22, but opened at $1.09. Polestar Automotive Holding UK shares last traded at $1.06, with a volume of 3,553,861 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a research report on Friday. Bank of America initiated coverage on shares of Polestar Automotive Holding UK in a research note on Thursday, December 5th. They issued a "neutral" rating and a $1.25 price target on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, Polestar Automotive Holding UK presently has a consensus rating of "Hold" and an average price target of $1.53.
Read Our Latest Stock Analysis on Polestar Automotive Holding UK
Polestar Automotive Holding UK Stock Up 0.5 %
The stock's 50 day moving average is $1.10 and its two-hundred day moving average is $1.14. The company has a market capitalization of $2.33 billion, a PE ratio of -1.91 and a beta of 1.53.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several large investors have recently modified their holdings of the business. MetLife Investment Management LLC increased its holdings in shares of Polestar Automotive Holding UK by 134.4% in the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock valued at $26,000 after acquiring an additional 8,823 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in Polestar Automotive Holding UK in the second quarter valued at approximately $26,000. Captrust Financial Advisors grew its holdings in Polestar Automotive Holding UK by 125.4% in the third quarter. Captrust Financial Advisors now owns 46,615 shares of the company's stock worth $80,000 after purchasing an additional 25,930 shares during the last quarter. XTX Topco Ltd increased its position in shares of Polestar Automotive Holding UK by 153.1% during the second quarter. XTX Topco Ltd now owns 150,657 shares of the company's stock worth $119,000 after purchasing an additional 91,139 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $161,000. Institutional investors own 1.02% of the company's stock.
About Polestar Automotive Holding UK
(
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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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