Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) price is hovering lower on Tuesday, March 26, dropping -1.20% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $1.66. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.96 and 52-week low of $1.30. The stock added 17.14% on its value in the past month.
Polestar Automotive Holding UK PLC ADR, which has a market valuation of $767.44 million. Analysts tracking PSNY have forecast the quarterly EPS to shrink by -0.15 per share this quarter, while the same analysts predict the annual EPS to hit -$0.36 for the year 2024 and up to -$0.48 for 2024. In this case, analysts estimate an annual EPS growth of -56.50% for the year and -33.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $759.26 million, with the likely lows of $613 million and highs of $846.7 million. Staying with the analyst view, there is a consensus estimate of $2.58 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 4.60% above that which the company brought in 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PSNY a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that PSNY’s price is at present -3.13% off the SMA20 and -7.83% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.52, with weekly volatility standing at 5.66%. The indicator jumps to 8.84% when calculated based on the past 30 days. Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s beta value is holding at 1.56, while the average true range (ATR) indicator is currently reading 0.13.
An analysis of the Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) stock in terms of its daily trading volume indicates that the 3-month average is 3.40 million. However, this figure increases on the past 10-day timeline to an average of 1.75 million.
Current records show that the company has 467.68M in outstanding shares. The insiders’ percentage holdings are 0.06% of outstanding shares while the percentage share held by institutions stands at 4.77%. The stats also highlight that short interest as of Feb 29, 2024, stood at 24.76 million shares, which puts the short ratio at the time at 6.5. From this we can glean that short interest is 1.27% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 22.51 million. But the -27.43% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
