At the last check on Friday, Polestar Automotive Holding UK PLC’s (NASDAQ:PSNY) stock was up $0.03, moving up 0.91 percent to $3.33. The average number of shares traded per day over the past five days has been 1,498,661 shares. 2 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 2,210,875, while in the previous 50 days, it was 2,858,174.
Since last month, PSNY stock retreated -8.52%. Shares of the company fell to $3.20 on 05/15/23, 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 $3.14. Since the beginning of this year, PSNY’s stock price has dropped by -37.29% or -$1.99, and marked a new high 3 times. However, the stock has declined by -75.07% since its 52-week high.
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Financial Health
In the three months ended March 30, Polestar Automotive Holding UK PLC’s quick ratio stood at 0.40, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 4.90% percent. Based on annual data, PSNY earned $119.44 million in gross profit and brought in $2.46 billion in revenue.
While analysts expected Polestar Automotive Holding UK PLC to report -$0.12 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by 91.70%. During the quarter, the company generated -$167.41 million in EBITDA. The liabilities of Polestar Automotive Holding UK PLC were 4.12 billion at the end of its most recent quarter ended March 30, and its total debt was $1.77 billion.
Technical Picture
This quick technical analysis looks at Polestar Automotive Holding UK PLC’s (PSNY) price momentum. With a historical volatility rate of 46.83%, the RSI 9-day stood at 41.30% on 25 May.
With respect to its five-day moving average, the current Polestar Automotive Holding UK PLC price is up by +1.53% percent or $0.05. At present, PSNY shares trade -13.32% below its 20-day simple moving average and -37.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.38% below its SMA50 and -65.34% below its SMA200.
Stochastic coefficient K was 10.65% and Stochastic coefficient D was 12.83%, while ATR was 0.17. Given the Stochastic reading of 12.37% for the 14-day period, the RSI (14) reading has been calculated as 42.05%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.13.
Analyst Ratings
Polestar Automotive Holding UK PLC (PSNY) has been rated Hold by analysts. According to 1 brokerage firm, PSNY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Polestar Automotive Holding UK PLC stock as buy, with 2 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $4.00 – $7.00. Based on these forecasts, analysts predict Polestar Automotive Holding UK PLC (PSNY) will achieve an average price target of $5.50.