Polestar Automotive Holding UK PLC ADR (PSNY): Uncovering A True Diamond In The Rough

Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) currently has a daily average trading volume of 9.14M but it saw 2898563 shares traded in last market. With a market cap of 584.94M USD, the company’s current market price of $1.25 came falling about -5.30 while comparing to the previous closing price of $1.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.65 and as low as $0.61. In the recent trading on the day, stock has struck highest price mark of $1.23 while lowest mark touched by it was $1.34.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Deutsche Bank which resumed the stock as “Hold” in its note to investors issued on September 10, 2024, recommending a price target of $1.50 for it. Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on March 15, 2024 while assigning a price target range of $3-$2. Bernstein issued its recommendations for the stock as it initiated the price target for the stock is $1.15.

Over the week, PSNY’s stock price is moving -0.79% down while it is -28.16% when we observe its performance for the past one month. Year-to-date it is -44.69% down and over the past year, the stock is showing a downside performance of -46.35%.

Currently, Polestar Automotive Holding UK PLC ADR’s total number of outstanding shares is 467.95M. Company’s return on investment (ROI) stands at -644.22% and return on equity (ROE) at -207.55%. Stock’s beta reads 1.46. Stock has a price to sale or P/S ratio amounts to 0.28. Its return on asset (ROA) is -34.66% on average.