Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price traded up 4.2% on Friday . The stock traded as high as $1.14 and last traded at $1.13. 3,648,542 shares traded hands during trading, a decline of 49% from the average session volume of 7,206,929 shares. The stock had previously closed at $1.08.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Piper Sandler cut their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $1.50 target price on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Bank of America initiated coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a "neutral" rating and a $1.25 price target for the company. Cantor Fitzgerald restated an "overweight" rating and set a $3.00 price objective on shares of Polestar Automotive Holding UK in a report on Monday, September 30th. Finally, Sanford C. Bernstein upped their target price on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an "underperform" rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1.53.
Check Out Our Latest Analysis on Polestar Automotive Holding UK
Polestar Automotive Holding UK Stock Up 2.8 %
The business's 50 day moving average is $1.13 and its 200 day moving average is $1.10. The company has a market cap of $2.37 billion, a P/E ratio of -1.95 and a beta of 1.53.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. MetLife Investment Management LLC raised its stake 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 acquiring an additional 8,823 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Polestar Automotive Holding UK by 125.4% during 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 in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $26,000. Versor Investments LP purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $47,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Polestar Automotive Holding UK by 31.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 319,508 shares of the company's stock worth $550,000 after purchasing an additional 77,106 shares in the last quarter. 1.02% of the stock is owned by institutional investors.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.