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The closing price of Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) was $1.14 for the day, up 3.64% from the previous closing price of $1.10. In other words, the price has increased by $3.64 from its previous closing price. On the day, 6.1 million shares were traded. PSNY stock price reached its highest trading level at $1.23 during the session, while it also had its lowest trading level at $1.1.
Ratios:
Our analysis of PSNY’s different ratios will help us gain a deeper understanding of the company. 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.
On March 15, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $3 to $2.
On January 24, 2024, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.15.Bernstein initiated its Underperform rating on January 24, 2024, with a $1.15 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 2405798912 and an Enterprise Value of 5767426048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26. Its current Enterprise Value per Revenue stands at 2.818 whereas that against EBITDA is -3.929.
Stock Price History:
Over the past 52 weeks, PSNY has reached a high of $2.65, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is -18.04%, while the 200-Day Moving Average is calculated to be -7.52%.
Shares Statistics:
PSNY traded an average of 7.17M shares per day over the past three months and 4331340 shares per day over the past ten 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 15.32% stake in the company. Shares short for PSNY as of 1730332800 were 34008040 with a Short Ratio of 4.68, compared to 1727654400 on 33624788.
