Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) has been given a consensus rating of "Reduce" by the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1.53.
PSNY has been the subject of several recent research reports. 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 target for the company. Cantor Fitzgerald reissued a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th.
View Our Latest Report on PSNY
Polestar Automotive Holding UK Stock Performance
Shares of PSNY stock traded up $0.02 on Friday, hitting $1.11. The company had a trading volume of 5,806,463 shares, compared to its average volume of 5,466,392. The firm has a market cap of $2.37 billion, a P/E ratio of -1.95 and a beta of 1.52. The stock's 50-day moving average is $1.07 and its two-hundred day moving average is $1.16. Polestar Automotive Holding UK has a twelve month low of $0.61 and a twelve month high of $2.17.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several institutional investors and hedge funds have recently made changes to their positions in PSNY. MetLife Investment Management LLC boosted 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 valued at $26,000 after purchasing an additional 8,823 shares in the last quarter. Raymond James Financial Inc. bought a new position in Polestar Automotive Holding UK in the fourth quarter worth approximately $33,000. Bank of New York Mellon Corp bought a new position in Polestar Automotive Holding UK in the fourth quarter worth approximately $37,000. Alliancebernstein L.P. bought a new position in Polestar Automotive Holding UK in the fourth quarter worth approximately $42,000. Finally, Tobam bought a new position in Polestar Automotive Holding UK in the fourth quarter worth approximately $65,000. Institutional investors own 1.02% of the company's stock.
About Polestar Automotive Holding UK
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Get Free ReportPolestar 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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