Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) were down 5.4% during trading on Wednesday . The stock traded as low as $1.13 and last traded at $1.15. Approximately 1,509,060 shares traded hands during trading, a decline of 72% from the average daily volume of 5,374,996 shares. The stock had previously closed at $1.21.
Analyst Upgrades and Downgrades
Several equities analysts have commented on PSNY shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. 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 objective for the company. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Polestar Automotive Holding UK has a consensus rating of "Hold" and an average target price of $1.53.
View Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Stock Performance
The company's fifty day moving average price is $1.10 and its 200-day moving average price is $1.22. The stock has a market cap of $2.43 billion, a P/E ratio of -2.00 and a beta of 1.49.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Polestar Automotive Holding UK by 48.0% in the 4th quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company's stock valued at $1,329,000 after buying an additional 410,401 shares during the period. Swiss National Bank purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $855,000. Deutsche Bank AG purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $681,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $610,000. Finally, Northern Trust Corp purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $548,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
(
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.
Recommended Stories
Before you consider Polestar Automotive Holding UK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polestar Automotive Holding UK wasn't on the list.
While Polestar Automotive Holding UK currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
