Polestar Automotive Holding UK PLC ADR (PSNY) stock: EPS estimates for the current quarter

As of close of business last night, Polestar Automotive Holding UK PLC ADR’s stock clocked out at $1.63, up 4.49% from its previous closing price of $1.56. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 2118950 shares were traded.

Ratios:

To gain a deeper understanding of PSNY’s stock, we examine 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 3.40B and an Enterprise Value of 5.42B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27. Its current Enterprise Value per Revenue stands at 1.91 whereas that against EBITDA is -11.29.

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 $1.30. The 50-Day Moving Average of the stock is 1.8294, while the 200-Day Moving Average is calculated to be 2.7670.

Shares Statistics:

It appears that PSNY traded 3.49M shares on average per day over the past three months and 2.3M shares per day over the past ten days. A total of 467.68M 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 Feb 29, 2024 were 24.76M with a Short Ratio of 7.67, compared to 22.51M on Jan 31, 2024.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. 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 -$0.3 and -$0.39 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.46, with 6 analysts recommending between -$0.36 and -$0.72.

Revenue Estimates

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 $2.4B, resulting in an average revenue estimate of $2.57B. In the same quarter a year ago, actual revenue was $2.46B, up 4.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $4.66B in the next fiscal year. The high estimate is $5.64B and the low estimate is $3.62B. The average revenue growth estimate for next year is up 81.30% from the average revenue estimate for this year.

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