Polestar Automotive Holding UK PLC (NASDAQ: PSNY) kicked off on May 22, 2023, at the price of $3.27, up 4.89% from the previous trading day. During the day, the shares moved up to $3.455 and dropped to $3.27 before settling in for the closing price of $3.27. Over the past 52 weeks, PSNY has traded in a range of $3.14-$13.36.
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While this was happening, its average annual earnings per share was recorded 51.90%. With a float of $463.00 million, this company’s outstanding shares have now reached $2.11 billion.
Let’s look at the performance matrix of the company that is accounted for 2377 employees. In terms of profitability, gross margin is +0.26, operating margin of -0.48, and the pretax margin is -18.24.
Polestar Automotive Holding UK PLC (PSNY) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Polestar Automotive Holding UK PLC is 47.97%, while institutional ownership is 6.10%.
Polestar Automotive Holding UK PLC (PSNY) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported -$0.01 earnings per share (EPS), higher than consensus estimate (set at -$0.12) by $0.11. This company achieved a net margin of -18.92. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 51.90% per share during the next fiscal year.
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) Trading Performance Indicators
Take a look at Polestar Automotive Holding UK PLC’s (PSNY) current performance indicators. Last quarter, stock had a quick ratio of 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.55 in one year’s time.
Technical Analysis of Polestar Automotive Holding UK PLC (PSNY)
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) saw its 5-day average volume 2.24 million, a negative change from its year-to-date volume of 2.72 million. As of the previous 9 days, the stock’s Stochastic %D was 16.15%. Additionally, its Average True Range was 0.22.
During the past 100 days, Polestar Automotive Holding UK PLC’s (PSNY) raw stochastic average was set at 8.41%, which indicates a significant decrease from 23.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.46% in the past 14 days, which was higher than the 67.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.65, while its 200-day Moving Average is $5.46. Nevertheless, the first resistance level for the watch stands at $3.50 in the near term. At $3.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.68. If the price goes on to break the first support level at $3.32, it is likely to go to the next support level at $3.20. The third support level lies at $3.13 if the price breaches the second support level.
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) Key Stats
The company with the Market Capitalisation of 7.46 billion has total of 2,118,035K Shares Outstanding. Its annual sales at the moment are 2,462 M in contrast with the sum of -465,790 K annual income. Company’s last quarter sales were recorded 546,020 K and last quarter income was -4,190 K.
