Should Value Hunters Buy Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) Stock?

Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) price closed lower on Monday, April 15, dropping -9.28% below its previous close.

A look at the daily price movement shows that the last close reads $1.46. 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 subtracted -15.38% on its value in the past month.

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 -16.28% off the SMA20 and -20.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.17, with weekly volatility standing at 9.54%. The indicator jumps to 7.23% when calculated based on the past 30 days. Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY)’s beta value is holding at 1.52, 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 3.09 million.

Current records show that the company has 467.95M in outstanding shares. The insiders’ percentage holdings are 0.06% of outstanding shares while the percentage share held by institutions stands at 4.77%. But the -41.59% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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