What Can We Learn From Polestar Automotive Holding UK PLC (PSNY)’s Valuation Ratios?


Polestar Automotive Holding UK PLC (NASDAQ:PSNY) finished Wednesday with a subtraction of -$0.11 to close at $6.77, a downside of -1.60 percent. An average of 2,014,400 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 2,162,400 shares traded, while the 50-day average volume stands at 1,919,760.

PSNY stock has decreased by -21.19% in the last month. The company shares reached their 1-month lowest point of $6.17 on 09/06/22. With the stock rallying to its 52-week high on 06/24/22, shares of the company touched a low of $6.17 and a high of $16.41 in 52 weeks. It has reached a new high 4 times so far this year and lost -42.14% or -$4.93 in price. In spite of this, the price is down -58.74% from the 52-week high.

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Financial Health

The quick ratio of Polestar Automotive Holding UK PLC for the recent quarter was 0.30, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 5.98 for the recent quarter.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Polestar Automotive Holding UK PLC (PSNY) price momentum. RSI 9-day as of the close on 21 September was 33.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 69.58%.

As of today, PSNY’s price is $7.26 -13.98% or -$1.10 from its 5-day moving average. PSNY is currently trading -18.92% lower than its 20-day SMA and -37.49% lower than its 100-day SMA. However, the stock’s current price level is -32.10% below the SMA50 and -43.35% below the SMA200.

The stochastic %K and %D were 35.33% and 48.16%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 28.78% and the average true range at 0.48, the RSI (14) stands at 35.13%. The stock has reached -0.49 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

Redburn launched coverage on Polestar Automotive Holding UK PLC (NASDAQ: PSNY) in its analyst report released on September 09, 2022. The firm assigned the stock a Sell rating.


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