Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $1.26 and last traded at $1.27, with a volume of 2196707 shares. The stock had previously closed at $1.46.
Analyst Ratings Changes
A number of analysts have weighed in on PSNY shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 target price on shares of Polestar Automotive Holding UK in a research note on Friday. Sanford C. Bernstein began coverage on shares of Polestar Automotive Holding UK in a research note on Wednesday, January 24th. They set an "underperform" rating and a $1.15 target price on the stock. Finally, Piper Sandler reiterated a "neutral" rating and set a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $3.83.
View Our Latest Stock Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Price Performance
The stock's 50-day simple moving average is $1.65 and its 200-day simple moving average is $2.03.
Institutional Trading of Polestar Automotive Holding UK
Several institutional investors and hedge funds have recently bought and sold shares of PSNY. Invesco Ltd. grew its holdings in shares of Polestar Automotive Holding UK by 10.7% during the 3rd 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 last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Polestar Automotive Holding UK by 744.0% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company's stock valued at $27,874,000 after purchasing an additional 2,161,109 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Polestar Automotive Holding UK by 144.9% during the 2nd quarter. BlackRock Inc. now owns 1,217,387 shares of the company's stock valued at $4,650,000 after purchasing an additional 720,285 shares during the last quarter. Tobam grew its holdings in shares of Polestar Automotive Holding UK by 24.0% during the 4th quarter. Tobam now owns 1,136,540 shares of the company's stock valued at $2,569,000 after purchasing an additional 220,147 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Polestar Automotive Holding UK by 11.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 795,920 shares of the company's stock valued at $3,040,000 after purchasing an additional 80,320 shares during the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
About Polestar Automotive Holding UK
(
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.
Further Reading
Before you consider Polestar Automotive Holding UK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polestar Automotive Holding UK wasn't on the list.
While Polestar Automotive Holding UK currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
