Polestar Automotive Holding UK PLC (NASDAQ:PSNY) finished Friday with an addition of $0.13 to close at $3.75, an upside of 3.59 percent. An average of 2,162,320 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,348,940 shares traded, while the 50-day average volume stands at 3,286,666.
PSNY stock has decreased by -11.14% in the last month. The company shares reached their 1-month lowest point of $3.48 on 08/18/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $3.14 and a high of $8.90 in 52 weeks. It has reached a new high 3 times so far this year and lost -29.38% or -$1.56 in price. In spite of this, the price is down -57.87% from the 52-week high.
Valuation Metrics
Polestar Automotive Holding UK PLC (PSNY) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.29.
Financial Health
The quick ratio of Polestar Automotive Holding UK PLC for the three months ended March 30 was 0.40, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Polestar Automotive Holding UK PLC’s EBITDA margin for the year ending March 30 is 5.95%. Its gross profit as reported stood at $119.44 million compared to revenue of $2.46 billion.
Earnings Surprise
The analyst consensus anticipated Polestar Automotive Holding UK PLC’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.01, a 91.70% surprise. For the quarter, EBITDA amounted to -$167.41 million.
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 25 August was 42.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.15%.
As of today, PSNY’s price is $3.64 +3.88% or $0.14 from its 5-day moving average. PSNY is currently trading -16.67% lower than its 20-day SMA and -0.27% lower than its 100-day SMA. However, the stock’s current price level is +0.81% above the SMA50 and -16.29% below the SMA200.
The stochastic %K and %D were 23.71% and 17.84%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 31.58% and the average true range at 0.21, the RSI (14) stands at 42.45%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.
Analyst Ratings
R. F. Lafferty launched coverage on Polestar Automotive Holding UK PLC (NASDAQ: PSNY) in its analyst report released on August 01, 2023. The firm assigned the stock a Buy rating. The consensus rating for Polestar Automotive Holding UK PLC (PSNY) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PSNY, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is PSNY’s price target for the next 12 months?
Analysts predict a range of price targets between $1.60 and $9.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Polestar Automotive Holding UK PLC (PSNY) stock is $5.60.
