Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price traded down 4.1% during trading on Monday . The stock traded as low as $1.16 and last traded at $1.17. 1,552,296 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 4,921,491 shares. The stock had previously closed at $1.22.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Bank of America started coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a "neutral" rating and a $1.25 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $1.50 price target on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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 Performance
The company has a market cap of $2.43 billion, a P/E ratio of -2.00 and a beta of 1.53. The stock has a 50-day moving average of $1.11 and a two-hundred day moving average of $1.12.
Institutional Investors Weigh In On Polestar Automotive Holding UK
A number of institutional investors have recently made changes to their positions in PSNY. MetLife Investment Management LLC boosted its position in Polestar Automotive Holding UK by 134.4% during the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock valued at $26,000 after buying an additional 8,823 shares during the period. Public Employees Retirement Association of Colorado bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $26,000. Captrust Financial Advisors increased its stake in Polestar Automotive Holding UK by 125.4% in the 3rd 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 period. Versor Investments LP bought a new stake in Polestar Automotive Holding UK in the second quarter valued at approximately $47,000. Finally, XTX Topco Ltd boosted its stake 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 valued at $119,000 after purchasing an additional 91,139 shares during the period. Hedge funds and other 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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