Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Get Free Report) traded up 5.6% during mid-day trading on Friday . The company traded as high as $0.94 and last traded at $0.94. 1,159,997 shares were traded during trading, a decline of 82% from the average session volume of 6,326,889 shares. The stock had previously closed at $0.89.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a report on Monday, July 1st. Citigroup cut their target price on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Piper Sandler reiterated a “neutral” rating and set a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Finally, Barclays cut their target price on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.31.
Check Out Our Latest Analysis on PSNY
Polestar Automotive Holding UK Price Performance
The business’s 50-day moving average price is $0.96 and its 200 day moving average price is $1.49.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Large investors have recently modified their holdings of the company. Invesco Ltd. lifted its position in Polestar Automotive Holding UK by 10.7% during the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company’s stock valued at $7,481,000 after purchasing an additional 273,479 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at approximately $616,000. Raymond James & Associates lifted its position in Polestar Automotive Holding UK by 36.5% during the fourth quarter. Raymond James & Associates now owns 29,532 shares of the company’s stock valued at $67,000 after purchasing an additional 7,900 shares during the last quarter. Schechter Investment Advisors LLC bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at approximately $35,000. Finally, Tobam lifted its position in Polestar Automotive Holding UK by 24.0% during the fourth quarter. Tobam now owns 1,136,540 shares of the company’s stock valued at $2,569,000 after purchasing an additional 220,147 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors.
Polestar Automotive Holding UK Company Profile
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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