Taking on analysts’ expectations and winning: Polestar Automotive Holding UK PLC ADR (PSNY)

With 3.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.18 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.45 whereas the lowest price it dropped to was $1.31. The 52-week range on PSNY shows that it touched its highest point at $4.96 and its lowest point at $1.16 during that stretch. It currently has a 1-year price target of $3.21. Beta for the stock currently stands at 1.51.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSNY was up-trending over the past week, with a rise of 0.76%, but this was up by 0.76% over a month. Three-month performance dropped to -20.36% while six-month performance fell -35.44%. The stock lost -59.82% in the past year, while it has lost -41.15% so far this year. A look at the trailing 12-month EPS for PSNY yields -0.35 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.13. This implies an EPS growth rate of -36.71% for this year and 83.66% for next year.

Float and Shares Shorts:

At present, 467.95 million PSNY shares are outstanding with a float of 467.67 million shares on hand for trading. On 2024-04-30, short shares totaled 30.16 million, which was 143.0 higher than short shares on 1711584000. In addition to Mr. Thomas Ingenlath as the firm’s CEO & Director, Mr. Per Ansgar serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.04393 of PSNY’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-09-30, PSNY reported revenue of $613182000.0 and operating income of -$261205000.0. The EBITDA in the recently reported quarter was -$207783000.0 and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSNY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.