Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s share price traded up 5.3% during mid-day trading on Monday . The company traded as high as $1.11 and last traded at $1.10. 1,544,364 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 6,089,962 shares. The stock had previously closed at $1.04.
Wall Street Analyst Weigh In
Several research firms recently weighed in on PSNY. Cantor Fitzgerald reiterated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Bank of America initiated coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They issued a "neutral" rating and a $1.25 price objective for the company. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1.53.
Check Out Our Latest Report on PSNY
Polestar Automotive Holding UK Price Performance
The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -1.75 and a beta of 1.53. The business's 50 day moving average is $1.08 and its 200 day moving average is $1.15.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Management LLC lifted its position in shares of Polestar Automotive Holding UK by 134.4% during the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock worth $26,000 after buying an additional 8,823 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Polestar Automotive Holding UK during the 2nd quarter worth $26,000. Tobam purchased a new stake in Polestar Automotive Holding UK in the fourth quarter valued at $65,000. Captrust Financial Advisors boosted its stake 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 valued at $80,000 after acquiring an additional 25,930 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings 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 during the last quarter. Hedge funds and other 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.
Featured 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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
