While Polestar Automotive Holding UK PLC ADR has underperformed by -5.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PSNY fell by -37.96%, with highs and lows ranging from $2.94 to $0.61, whereas the simple moving average jumped by 7.94% in the last 200 days.
On September 10, 2024, Deutsche Bank started tracking Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) recommending Hold. A report published by Piper Sandler on March 15, 2024, Downgraded its rating to ‘Neutral’ for PSNY. Bernstein also rated PSNY shares as ‘Underperform’, setting a target price of $1.15 on the company’s shares in an initiating report dated January 24, 2024. Piper Sandler Initiated an Overweight rating on November 01, 2023, and assigned a price target of $3. Barclays September 07, 2023d its ‘Equal Weight’ rating to ‘Underweight’ for PSNY, as published in its report on September 07, 2023. R. F. Lafferty’s report from August 01, 2023 suggests a price prediction of $9 for PSNY shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Polestar Automotive Holding UK PLC ADR (PSNY)
Further, the quarter-over-quarter decrease in sales is -16.43%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Polestar Automotive Holding UK PLC ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -207.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 13.32M can be a very valuable indicator of volatility for PSNY stock. On a monthly basis, the volatility of the stock is set at 12.10%, whereas on a weekly basis, it is put at 12.89%, with a loss of -6.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.84, showing growth from the present price of $1.52, which can serve as yet another indication of whether PSNY is worth investing in or should be passed over.
How Do You Analyze Polestar Automotive Holding UK PLC ADR Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.06%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 15.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PSNY shares are owned by institutional investors to the tune of 15.83% at present.
