The stock of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) increased by $0.02 on Tuesday to finish at $3.83, up 0.52 percent. The last five days have seen an average of 1,994,940 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.48. The average number of shares traded over the last 20 days was 2,196,480, while the average volume over the last 50 days totaled 3,152,316.
PSNY stock dropped -14.51% since last month. On 08/18/23, the company’s shares reached a one-month low of $3.48. The stock touched a high of $8.30 on 01/27/23, after rallying from a low of $3.14 in 52 weeks. The price of PSNY stock has declined by -27.87% or -$1.48 this year, reaching a new high 3 times. Still, the stock price is down -53.86% from the 52-week high.
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Financial Health
For the three months ended March 30, Polestar Automotive Holding UK PLC’s quick ratio was 0.40, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 4.90% percent. Based on annual data, it had gross profit of $119.44 million and revenue of $2.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -70.50% return on investment (ROI) in the past year.
Earnings Surprise
According to Polestar Automotive Holding UK PLC’s quarterly financial report for the quarter that ended March 30. It was predicted that Polestar Automotive Holding UK PLC’s quarterly earnings would be -$0.01, but it ended up being -$0.12, beating the consensus by 91.70%. EBITDA was -$167.41 million for the quarter. At the end of Polestar Automotive Holding UK PLC’s most recent quarter ended March 30, its liabilities totaled 4.12 billion, while its total debt was $1.77 billion.
Technical Picture
Here’s a quick look at Polestar Automotive Holding UK PLC’s (PSNY) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 47.86%, suggesting the stock is Neutral, with a 36.77% historical volatility rate.
The stochastic %K and %D were 39.60% and 30.69% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 48.62%, the RSI (14) reading is 45.66%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.01.
Analyst Ratings
In its analyst report released on August 01, 2023, R. F. Lafferty began covering Polestar Automotive Holding UK PLC (NASDAQ: PSNY). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Polestar Automotive Holding UK PLC (PSNY) an Overweight rating. PSNY is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is PSNY’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.60 and $9.00, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Polestar Automotive Holding UK PLC (PSNY) is $5.60.
