Analytical Lens: Exploring Polestar Automotive Holding UK PLC ADR (PSNY)’s Financial Story Through Ratios

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The closing price of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) was $0.95 for the day, up 5.90% from the previous closing price of $0.89. In other words, the price has increased by $5.90 from its previous closing price. On the day, 19.55 million shares were traded. PSNY stock price reached its highest trading level at $0.9599 during the session, while it also had its lowest trading level at $0.85.

Ratios:

Our analysis of PSNY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.72.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on March 15, 2024, Downgraded its rating to Neutral and sets its target price to $2 from $3 previously.

On January 24, 2024, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.15.

On November 01, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $3.Piper Sandler initiated its Overweight rating on November 01, 2023, with a $3 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSNY now has a Market Capitalization of 1996441216 and an Enterprise Value of 3895672320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20. Its current Enterprise Value per Revenue stands at 1.787 whereas that against EBITDA is -2.84.

Stock Price History:

The Beta on a monthly basis for PSNY is 1.34, which has changed by -0.7995763 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, PSNY has reached a high of $4.96, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is -2.84%, while the 200-Day Moving Average is calculated to be -46.03%.

Shares Statistics:

PSNY traded an average of 10.50M shares per day over the past three months and 23478020 shares per day over the past ten days. A total of 467.95M shares are outstanding, with a floating share count of 467.67M. Insiders hold about 0.06% of the company’s shares, while institutions hold 4.54% stake in the company. Shares short for PSNY as of 1718323200 were 24741854 with a Short Ratio of 2.36, compared to 1715731200 on 30248441.

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