Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) has been given an average recommendation of "Reduce" by the seven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.53.
PSNY has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Bank of America assumed coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They set a "neutral" rating and a $1.25 price objective on the stock.
Get Our Latest Stock Report on PSNY
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several large investors have recently added to or reduced their stakes in the business. Swiss National Bank bought a new position in Polestar Automotive Holding UK in the 4th quarter worth about $855,000. Raymond James Financial Inc. bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth approximately $33,000. Bank of New York Mellon Corp bought a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth approximately $37,000. Handelsbanken Fonder AB purchased a new stake in Polestar Automotive Holding UK in the fourth quarter valued at approximately $115,000. Finally, Tobam purchased a new position in Polestar Automotive Holding UK in the fourth quarter worth $65,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Price Performance
Shares of PSNY traded up $0.03 during trading hours on Friday, hitting $1.12. The company's stock had a trading volume of 4,763,995 shares, compared to its average volume of 5,451,997. The business has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.16. Polestar Automotive Holding UK has a 52-week low of $0.61 and a 52-week high of $2.17. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -1.95 and a beta of 1.52.
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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