Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) closed at $1.18 in the last session, up 0.85% from day before closing price of $1.17. In other words, the price has increased by $0.85 from its previous closing price. On the day, 2.65 million shares were traded. PSNY stock price reached its highest trading level at $1.2175 during the session, while it also had its lowest trading level at $1.17.
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 0.33 and its Current Ratio is at 0.55.
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 2490012160 and an Enterprise Value of 4508456448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20. Its current Enterprise Value per Revenue stands at 1.593 whereas that against EBITDA is -5.107.
Stock Price History:
The Beta on a monthly basis for PSNY is 1.59, which has changed by -0.6853334 over the last 52 weeks, in comparison to a change of 0.22363698 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 $1.16. The 50-Day Moving Average of the stock is -24.78%, while the 200-Day Moving Average is calculated to be -51.86%.
Shares Statistics:
According to the various share statistics, PSNY traded on average about 3.24M shares per day over the past 3-months and 4408770 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 4.77% stake in the company. Shares short for PSNY as of 1713139200 were 25374057 with a Short Ratio of 8.66, compared to 1710460800 on 25214476.
Earnings Estimates
The dynamic stock of Polestar Automotive Holding UK PLC ADR (PSNY) is currently attracting attention from 3 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.17, while EPS last year was -$0.01. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.11 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.32 and -$0.39 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.48, with 6.0 analysts recommending between -$0.36 and -$0.72.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $737.57M. There is a high estimate of $790.7M for the next quarter, whereas the lowest estimate is $689M.
A total of 8 analysts have provided revenue estimates for PSNY’s current fiscal year. The highest revenue estimate was $2.88B, while the lowest revenue estimate was $2.43B, resulting in an average revenue estimate of $2.58B. In the same quarter a year ago, actual revenue was $2.46BBased on 8 analysts’ estimates, the company’s revenue will be $4.83B in the next fiscal year. The high estimate is $5.72B and the low estimate is $3.62B.
