Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) traded up 3.9% during mid-day trading on Thursday . The company traded as high as $0.75 and last traded at $0.72. 1,767,039 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 5,183,465 shares. The stock had previously closed at $0.69.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th. Citigroup cut their price objective on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating on the stock in a research report on Thursday, May 16th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $2.00 price objective (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Polestar Automotive Holding UK currently has an average rating of "Hold" and a consensus price target of $3.48.
Check Out Our Latest Research Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Trading Up 1.5 %
The firm's 50-day moving average is $1.08 and its two-hundred day moving average is $1.61.
Hedge Funds Weigh In On Polestar Automotive Holding UK
A number of institutional investors have recently modified their holdings of PSNY. Pathstone Family Office LLC raised its position in shares of Polestar Automotive Holding UK by 87.8% in the third quarter. Pathstone Family Office LLC now owns 84,510 shares of the company's stock valued at $223,000 after purchasing an additional 39,510 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Polestar Automotive Holding UK in the third quarter valued at approximately $25,000. Rafferty Asset Management LLC raised its position in shares of Polestar Automotive Holding UK by 18.7% in the third quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock valued at $166,000 after purchasing an additional 9,942 shares during the period. Invesco Ltd. raised its position in shares of Polestar Automotive Holding UK by 10.7% in the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock valued at $7,481,000 after purchasing an additional 273,479 shares during the period. Finally, Mariner LLC raised its position in shares of Polestar Automotive Holding UK by 207.5% in the third quarter. Mariner LLC now owns 252,901 shares of the company's stock valued at $668,000 after purchasing an additional 170,660 shares during the period. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
(Get Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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