Stocks of Polestar Automotive Holding UK PLC ADR (NASDAQ:PSNY) traded higher last session on Wall Street, up 7.97% to $1.49.
PSNY stock price is now 68.41% away from the 50-day moving average and 4.16% away from the 200-day moving average. The market capitalization of the company currently stands at $697.25M.
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With the price target reduced from $3 to $2, Piper Sandler Downgraded its rating from Overweight to Neutral for Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY). On January 24, 2024, Bernstein recently initiated its ‘Underperform’ rating on the stock quoting a target price of $1.15, while ‘Piper Sandler’ rates the stock as ‘Overweight’
A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Polestar Automotive Holding UK PLC ADR has had a low of $0.61 and a high of $3.03. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 0.72, and a quick ratio of 0.38. The fifty day moving average price for PSNY is $0.89812 and a two-hundred day moving average price translates $1.427335 for the stock.
The latest earnings results from Polestar Automotive Holding UK PLC ADR (NASDAQ: PSNY) was released for 2024-06-30. The net profit margin was -67.89% and return on equity was -207.55% for PSNY. The company reported revenue of $345.35 million for the quarter, compared to $546.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.75 percent. For the current quarter, analysts expect PSNY to generate $572.65M in revenue.
