Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) closed at $1.15 in the last session, up 3.60% from day before closing price of $1.11. In other words, the price has increased by $3.60 from its previous closing price. On the day, 5.22 million shares were traded. PSNY stock price reached its highest trading level at $1.18 during the session, while it also had its lowest trading level at $1.1.
Ratios:
We take a closer look at PSNY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 1.96 whereas as Long-Term Debt/Eq ratio is at 0.80.
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 this company, BofA Securities on December 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $1.25.
Piper Sandler Downgraded its Overweight to Neutral on March 15, 2024, whereas the target price for the stock was revised from $3 to $2.
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 2426902272 and an Enterprise Value of 5788529664. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26. Its current Enterprise Value per Revenue stands at 2.828 whereas that against EBITDA is -3.944.
Stock Price History:
The Beta on a monthly basis for PSNY is 1.52, which has changed by -0.32748538 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, PSNY has reached a high of $2.33, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is 3.69%, while the 200-Day Moving Average is calculated to be 0.87%.
Shares Statistics:
According to the various share statistics, PSNY traded on average about 4.89M shares per day over the past 3-months and 5131470 shares per day over the past 10 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 15.43% stake in the company. Shares short for PSNY as of 1734048000 were 38337189 with a Short Ratio of 7.08, compared to 1731628800 on 32707870.
