Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) closed the day trading at $1.72 down -1.15% from the previous closing price of $1.74. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 2281557 shares were traded. PSNY stock price reached its highest trading level at $1.8097 during the session, while it also had its lowest trading level at $1.6800.
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 this company, Bernstein on January 24, 2024, initiated with a Underperform rating and assigned the stock a target price of $1.15.
On November 01, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $3.
Barclays Downgraded its Equal Weight to Underweight on September 07, 2023, whereas the target price for the stock was revised from $5 to $3.
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 3.63B and an Enterprise Value of 5.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28. Its current Enterprise Value per Revenue stands at 2.00 whereas that against EBITDA is -11.77.
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 1.8944, while the 200-Day Moving Average is calculated to be 2.8094.
Shares Statistics:
Over the past 3-months, PSNY traded about 3.53M shares per day on average, while over the past 10 days, PSNY traded about 5.08M shares per day. 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 15, 2024 were 24.76M with a Short Ratio of 7.01, compared to 26.12M on Jan 12, 2024.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. 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 -$0.45, 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 4.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $4.73B 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 83.90% from the average revenue estimate for this year.
