Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) have received a consensus recommendation of "Reduce" from the seven research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $1.53.
Several analysts have issued reports on the stock. Bank of America started coverage on shares of 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. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th.
Check Out Our Latest Analysis on PSNY
Institutional Trading of Polestar Automotive Holding UK
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank bought a new position in Polestar Automotive Holding UK during the 4th quarter worth $855,000. Geode Capital Management LLC grew its stake in shares of Polestar Automotive Holding UK by 444.0% in the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock valued at $1,471,000 after acquiring an additional 697,820 shares in the last quarter. Marshall Wace LLP bought a new position in Polestar Automotive Holding UK during the second quarter worth about $407,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Polestar Automotive Holding UK in the 4th quarter worth about $504,000. Finally, Renaissance Technologies LLC bought a new stake in Polestar Automotive Holding UK in the 2nd quarter valued at about $266,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Trading Up 2.8 %
Shares of Polestar Automotive Holding UK stock traded up $0.03 on Friday, reaching $1.12. 6,606,302 shares of the company were exchanged, compared to its average volume of 5,527,706. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -1.96 and a beta of 1.52. Polestar Automotive Holding UK has a one year low of $0.61 and a one year high of $2.17. The company has a 50-day moving average of $1.07 and a 200 day moving average of $1.16.
Polestar Automotive Holding UK Company Profile
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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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