A new trading day began on Monday, with Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) stock price down -6.01% from the previous day of trading, before settling in for the closing price of $1.83. PSNY’s price has ranged from $0.61 to $2.94 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 26.90% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 1.21%. With a float of $467.67 million, this company’s outstanding shares have now reached $467.95 million.
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Polestar Automotive Holding UK PLC ADR (PSNY) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Polestar Automotive Holding UK PLC ADR is 0.06%, while institutional ownership is 15.83%.
Polestar Automotive Holding UK PLC ADR (PSNY) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -0.14 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.21% per share during the next fiscal year.
Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) Trading Performance Indicators
Here are Polestar Automotive Holding UK PLC ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.37 in one year’s time.
Technical Analysis of Polestar Automotive Holding UK PLC ADR (PSNY)
Let’s dig in a bit further. During the last 5-days, its volume was 6.52 million. That was inferior than the volume of 8.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.54%. Additionally, its Average True Range was 0.15.
During the past 100 days, Polestar Automotive Holding UK PLC ADR’s (PSNY) raw stochastic average was set at 83.46%, which indicates a significant increase from 57.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.16% in the past 14 days, which was lower than the 117.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1190, while its 200-day Moving Average is $1.3899. However, in the short run, Polestar Automotive Holding UK PLC ADR’s stock first resistance to watch stands at $1.8333. Second resistance stands at $1.9467. The third major resistance level sits at $2.0133. If the price goes on to break the first support level at $1.6533, it is likely to go to the next support level at $1.5867. Assuming the price breaks the second support level, the third support level stands at $1.4733.
Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) Key Stats
With a market capitalization of 804.87 million, the company has a total of 2,134,911K Shares Outstanding. Currently, annual sales are 2,379 M while annual income is -1,195 M. The company’s previous quarter sales were 534,120 K while its latest quarter income was -726,430 K.
