Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) have been assigned an average rating of "Reduce" from the seven ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $1.53.
A number of equities research analysts recently commented on the company. Bank of America initiated 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. Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th.
Check Out Our Latest Analysis on PSNY
Polestar Automotive Holding UK Trading Up 1.8 %
PSNY stock traded up $0.02 during trading on Tuesday, hitting $1.14. 5,829,318 shares of the stock traded hands, compared to its average volume of 5,347,411. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -2.00 and a beta of 1.49. Polestar Automotive Holding UK has a one year low of $0.61 and a one year high of $1.94. The company has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.20.
Institutional Trading of Polestar Automotive Holding UK
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Polestar Automotive Holding UK in the fourth quarter valued at approximately $610,000. Vident Advisory LLC bought a new position in Polestar Automotive Holding UK in the fourth quarter valued at approximately $178,000. Nuveen Asset Management LLC acquired a new stake in Polestar Automotive Holding UK during the 4th quarter worth $347,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Polestar Automotive Holding UK by 69.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 339,809 shares of the company's stock valued at $357,000 after acquiring an additional 139,590 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.
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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