As of Friday close, Polestar Automotive Holding UK PLC’s (NASDAQ:PSNY) stock was down -$0.46, moving down -10.91 percent to $3.71. The average number of shares traded per day over the past five days has been 5,014,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 3,509,025, while in the previous 50 days, it was 2,596,836.
Since last month, PSNY stock retreated -33.66%. Shares of the company fell to $3.71 on 03/17/23, the lowest level in the past month. A 52-week high of $13.36 was reached on 01/27/23 after having rallying from a 52-week low of $3.73. Since the beginning of this year, PSNY’s stock price has dropped by -30.04% or -$1.60, and marked a new high 3 times. However, the stock has declined by -72.19% since its 52-week high.
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Financial Health
In the recent quarter, Polestar Automotive Holding UK PLC’s quick ratio stood at 0.30, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.54, and the total debt-to-equity ratio was 5.98. On the profitability front, the trailing twelve-month gross margin is 0.10% percent. In the recent year, operating margins totaled -74.40%.
The liabilities of Polestar Automotive Holding UK PLC were 917.65 million at the end of its most recent quarter, and its total debt was $1.26 billion. The value of shareholders’ equity is $100.0 million.
Technical Picture
This quick technical analysis looks at Polestar Automotive Holding UK PLC’s (PSNY) price momentum. With a historical volatility rate of 73.20%, the RSI 9-day stood at 24.12% on 17 March.
With respect to its five-day moving average, the current Polestar Automotive Holding UK PLC price is down by -17.56% percent or -$0.79. At present, PSNY shares trade -31.04% below its 20-day simple moving average and -17.37% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.42% below its SMA50 and -63.95% below its SMA200.
Stochastic coefficient K was 11.54% and Stochastic coefficient D was 10.37%, while ATR was 0.33. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 27.96%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at -0.69.