Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) shares traded up 4.9% during trading on Friday . The company traded as high as $1.14 and last traded at $1.18. 362,806 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 5,216,560 shares. The stock had previously closed at $1.12.
Analyst Upgrades and Downgrades
PSNY has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Bank of America started coverage on Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a "neutral" rating and a $1.25 price target on the stock. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Polestar Automotive Holding UK has a consensus rating of "Hold" and a consensus 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 fifty day moving average of $1.10 and a two-hundred day moving average of $1.22. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -2.12 and a beta of 1.49.
Institutional Investors Weigh In On Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently modified their holdings of PSNY. Geode Capital Management LLC increased its position in Polestar Automotive Holding UK by 48.0% during the fourth quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company's stock worth $1,329,000 after acquiring an additional 410,401 shares during the period. Swiss National Bank acquired a new position in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $855,000. Deutsche Bank AG bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter worth approximately $681,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter worth approximately $610,000. Finally, Northern Trust Corp acquired a new stake in shares of Polestar Automotive Holding UK in the fourth quarter valued at approximately $548,000. Institutional investors and hedge funds own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
(
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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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