Polestar Automotive Holding UK (PSNY) Stock Price, News & Analysis

Company Overview

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Key Stats

• Today's Range: $0.93 to $1.03
• 50-Day Range: $0.86 to $1.38
• 52-Week Range: $0.61 to $2.56
• Volume: 9.37 million shs
• Average Volume: 7.26 million shs
• Market Capitalization: $2.13 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.53
• Consensus Rating: Reduce

Polestar Automotive Holding UK Stock Analysis - MarketRank™

Polestar Automotive Holding UK scored higher than 20% of companies evaluated by MarketBeat, and ranked 77th out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Polestar Automotive Holding UK has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on 1 buy rating, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Polestar Automotive Holding UK has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Polestar Automotive Holding UK are expected to grow in the coming year, from ($0.53) to ($0.37) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Polestar Automotive Holding UK is -1.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Polestar Automotive Holding UK is -1.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.61% of the float of Polestar Automotive Holding UK has been sold short.

Short Interest Ratio / Days to Cover

Polestar Automotive Holding UK has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Polestar Automotive Holding UK has recently increased by 8.74%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Polestar Automotive Holding UK does not currently pay a dividend.

Dividend Growth

Polestar Automotive Holding UK does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.61% of the float of Polestar Automotive Holding UK has been sold short.

Short Interest Ratio / Days to Cover

Polestar Automotive Holding UK has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Polestar Automotive Holding UK has recently increased by 8.74%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.50

News Sentiment

Polestar Automotive Holding UK has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Polestar Automotive Holding UK this week, compared to 5 articles on an average week.

Search Interest

12 people have searched for PSNY on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Polestar Automotive Holding UK to their MarketBeat watchlist in the last 30 days. This is a decrease of -69% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Polestar Automotive Holding UK insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.02% of the stock of Polestar Automotive Holding UK is held by insiders.

Percentage Held by Institutions

Only 1.02% of the stock of Polestar Automotive Holding UK is held by institutions.

PSNY Stock Analysis - Frequently Asked Questions

How have PSNY shares performed this year?

Polestar Automotive Holding UK's stock was trading at $2.26 on January 1st, 2024. Since then, PSNY shares have decreased by 55.9% and is now trading at $0.9959.
View the best growth stocks for 2024 here.

How were Polestar Automotive Holding UK's earnings last quarter?

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) announced its quarterly earnings data on Thursday, August, 31st. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by $0.01. The company had revenue of $685.25 million for the quarter.

Who are Polestar Automotive Holding UK's major shareholders?

Top institutional investors of Polestar Automotive Holding UK include Swedbank AB (0.55%), Swedbank AB (0.55%), Alecta Tjanstepension Omsesidigt (0.14%) and State Street Corp (0.10%).

How do I buy shares of Polestar Automotive Holding UK?

Shares of PSNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Polestar Automotive Holding UK own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Polestar Automotive Holding UK investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/31/2023
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:PSNY
• CUSIP: N/A
• CIK: 1847127
• Web: www.gores.com
• Phone: 1-949-735-1834
• Fax: N/A
• Employees: 2,515
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.53
• High Stock Price Target: $3.00
• Low Stock Price Target: $0.78
• Potential Upside/Downside: +53.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.58
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $2.06 billion
• Price / Sales: 1.03
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.59) per share
• Price / Book: -1.69

Miscellaneous

• Outstanding Shares: 2,135,210,000
• Free Float: 2,134,783,000
• Market Cap: $2.13 billion
• Optionable: Optionable
• Beta: 1.53