Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) shares, rose in value, with the stock price down by -5.65% to the previous day’s close as strong demand from buyers drove the stock to $1.17.
Actively observing the price movement in the last trading, the stock closed the session at $1.24. Referring to stock’s 52-week performance, its high was $4.96, and the low was $1.20. On the whole, PSNY has fluctuated by -26.88% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.58B, with a low estimate of 613M and a high estimate of 846.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 759.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSNY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PSNY currently trading nearly -19.81% and -25.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.67, while the 7-day volatility ratio is showing 6.59% which for the 30-day chart, stands at 7.63%. Furthermore, Polestar Automotive Holding UK PLC ADR (PSNY)’s beta value is 1.57, and its average true range (ATR) is 0.12.
A comparison of Polestar Automotive Holding UK PLC ADR (PSNY) with its peers suggests the former has fared considerably weaker in the market. PSNY showed an intraday change of -5.65% in last session, and over the past year, it shrunk by -66.57%%.
Data on historical trading for Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) indicates that the trading volumes over the past 3 months, they’ve averaged 3.24 million. According to company’s latest data on outstanding shares, there are 467.95 million shares outstanding.
Nearly 0.06% of Polestar Automotive Holding UK PLC ADR’s shares belong to company insiders and institutional investors own 4.77% of the company’s shares. The stock has fallen by -48.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSNY stock heading into the next quarter.
