Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $1.53.
A number of brokerages have recently issued reports on PSNY. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Bank of America began 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 for the company.
Get Our Latest Stock Analysis on Polestar Automotive Holding UK
Institutional Investors Weigh In On Polestar Automotive Holding UK
Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC raised its holdings in Polestar Automotive Holding UK by 134.4% in the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company's stock worth $26,000 after purchasing an additional 8,823 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth about $33,000. Bank of New York Mellon Corp purchased a new position in Polestar Automotive Holding UK during the 4th quarter valued at about $37,000. Alliancebernstein L.P. purchased a new stake in Polestar Automotive Holding UK in the fourth quarter worth about $42,000. Finally, Captrust Financial Advisors increased its stake in shares of Polestar Automotive Holding UK by 125.4% during the third quarter. Captrust Financial Advisors now owns 46,615 shares of the company's stock valued at $80,000 after purchasing an additional 25,930 shares in the last quarter. 1.02% of the stock is owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Stock Performance
NASDAQ:PSNY traded up $0.02 during mid-day trading on Friday, reaching $1.07. The stock had a trading volume of 1,156,634 shares, compared to its average volume of 7,608,358. Polestar Automotive Holding UK has a one year low of $0.61 and a one year high of $1.94. The firm has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $1.19. The stock has a market capitalization of $2.28 billion, a P/E ratio of -1.88 and a beta of 1.49.
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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