As of Friday close, Polestar Automotive Holding UK PLC’s (NASDAQ:PSNY) stock was down -$0.1, moving down -4.27 percent to $2.24. The average number of shares traded per day over the past five days has been 4,648,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.54 fall in that time frame. In the last twenty days, the average volume was 4,943,950, while in the previous 50 days, it was 3,631,544.
Since last month, PSNY stock retreated -39.62%. Shares of the company fell to $2.23 on 09/22/23, the lowest level in the past month. A 52-week high of $8.25 was reached on 01/27/23 after having rallying from a 52-week low of $2.31. Since the beginning of this year, PSNY’s stock price has dropped by -57.82% or -$3.07, and marked a new high 3 times. However, the stock has declined by -72.85% 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 0.40, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.20% percent. In the recent year, EBITDA margin amounted to 5.95%, whereas operating margins totaled -33.00%. Based on annual data, PSNY earned $119.44 million in gross profit and brought in $2.46 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -70.50%. Return on equity (ROE) for the past 12 months was 181.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$249.27 million in EBITDA. The liabilities of Polestar Automotive Holding UK PLC were 4.73 billion at the end of its most recent quarter, and its total debt was $2.51 billion.
Technical Picture
This quick technical analysis looks at Polestar Automotive Holding UK PLC’s (PSNY) price momentum. With a historical volatility rate of 35.15%, the RSI 9-day stood at 12.79% on 22 September.
With respect to its five-day moving average, the current Polestar Automotive Holding UK PLC price is down by -19.42% percent or -$0.54. At present, PSNY shares trade -38.12% below its 20-day simple moving average and -40.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.44% below its SMA50 and -63.75% below its SMA200.
Stochastic coefficient K was 1.84% and Stochastic coefficient D was 2.82%, while ATR was 0.17. Given the Stochastic reading of 0.88% for the 14-day period, the RSI (14) reading has been calculated as 18.31%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.37.
Analyst Ratings
Polestar Automotive Holding UK PLC downgraded its rating on Polestar Automotive Holding UK PLC (NASDAQ: PSNY) to an Underweight in a note to investors on September 07, 2023. The analysts firm previously had an Equal weight rating on the stock.Polestar Automotive Holding UK PLC (PSNY) has been rated Hold by analysts. According to 2 brokerage firms, 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 1 analyst rate Polestar Automotive Holding UK PLC stock as buy, with 3 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $1.60 – $9.00. Based on these forecasts, analysts predict Polestar Automotive Holding UK PLC (PSNY) will achieve an average price target of $5.09.
