The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) closed the day trading at $1.32 up 1.54% from the previous closing price of $1.30. In other words, the price has increased by $1.54 from its previous closing price. On the day, 1.83 million shares were traded. PSNY stock price reached its highest trading level at $1.34 during the session, while it also had its lowest trading level at $1.28.
Ratios:
For a better understanding of PSNY, let’s look at its different ratios. 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 2785437696 and an Enterprise Value of 4803881472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22. Its current Enterprise Value per Revenue stands at 1.698 whereas that against EBITDA is -5.442.
Stock Price History:
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 -13.64%, while the 200-Day Moving Average is calculated to be -43.50%.
Shares Statistics:
Over the past 3-months, PSNY traded about 3.21M shares per day on average, while over the past 10 days, PSNY traded about 3643840 shares per day. 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 4.52% stake in the company. Shares short for PSNY as of 1713139200 were 25374057 with a Short Ratio of 8.74, compared to 1710460800 on 25214476.
