Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares traded down 5.4% during mid-day trading on Wednesday . The company traded as low as $1.13 and last traded at $1.15. 1,509,060 shares traded hands during trading, a decline of 72% from the average session volume of 5,374,996 shares. The stock had previously closed at $1.21.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PSNY. Bank of America began coverage on shares of Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a "neutral" rating and a $1.25 price target on the stock. Cantor Fitzgerald reissued a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Polestar Automotive Holding UK has a consensus rating of "Hold" and an average price target of $1.53.
Check Out Our Latest Research Report on PSNY
Polestar Automotive Holding UK Trading Down 1.8 %
The stock's fifty day moving average is $1.10 and its two-hundred day moving average is $1.22. The company has a market capitalization of $2.35 billion, a PE ratio of -1.93 and a beta of 1.49.
Hedge Funds Weigh In On Polestar Automotive Holding UK
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System bought a new position in Polestar Automotive Holding UK during the fourth quarter worth about $406,000. Public Employees Retirement System of Ohio bought a new position in Polestar Automotive Holding UK during the fourth quarter worth about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter worth about $610,000. Vident Advisory LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter worth about $178,000. Finally, Nuveen Asset Management LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter worth about $347,000. 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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