Polestar Automotive Holding UK PLC (NASDAQ:PSNY) saw an upside of 1.41% to close Tuesday at $3.59 after adding $0.05 on the day. The 5-day average trading volume is 2,238,840 shares of the company’s common stock. It has gained $3.87 in the past week and touched a new high 2 times within the past 5 days. An average of 2,587,565 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,365,560.
PSNY’s 1-month performance is -17.09% or -$0.64 on its low of $3.48 reached on 08/18/23. The company’s shares have touched a 52-week low of $3.14 and high of $8.90, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, PSNY has lost -32.39% or -$1.72 and has reached a new high 3 times. However, the current price is down -59.66% from the 52-week high price.
Valuation Metrics
PSNY stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.15.
Polestar Automotive Holding UK PLC’s quick ratio for the period ended March 30 was 0.40, with the current ratio over the same period at 0.70.. In terms of profitability, the gross margin trailing 12 months is 4.90%. The trailing 12-month EBITDA margin is 5.95%. The firm’s gross profit as reported stood at $119.44 million against revenue of $2.46 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Analysts expected PSNY to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.01, representing a 91.70% surprise. EBITDA for the quarter stood at more than -$167.41 million. PSNY stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 4.12 billion, with total debt at $1.77 billion.
Let’s look briefly at Polestar Automotive Holding UK PLC (PSNY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 26.60% to suggest the stock is trending oversold, with historical volatility in this time period at 18.72%.
The stock’s 5-day moving average is $3.64, reflecting a -7.24% or -$0.28 change from its current price. PSNY is currently trading -12.65% above its 20-day SMA, unch above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.13% and SMA200 by-15.53%.
Stochastic %K and %D was 9.13% and 7.05% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 34.01%, while the 14-day stochastic is at 10.38% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Polestar Automotive Holding UK PLC (NASDAQ: PSNY), R. F. Lafferty launched coverage with a Buy rating. Analysts offering their rating for PSNY stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PSNY as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is PSNY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.60 and a high of $9.00, with their median price target at $5.50. Looking at these predictions, the average price target given by analysts is for Polestar Automotive Holding UK PLC (PSNY) stock is $5.60.
