Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $1.22 and last traded at $1.22, with a volume of 1158766 shares. The stock had previously closed at $1.27.
Analyst Ratings Changes
A number of equities analysts have recently commented 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 report on Friday, April 12th. Piper Sandler reaffirmed a "neutral" rating and set a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Finally, Sanford C. Bernstein started coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an "underperform" rating and a $1.15 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $3.83.
Get Our Latest Report on PSNY
Polestar Automotive Holding UK Stock Performance
The stock has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.96.
Institutional Trading of Polestar Automotive Holding UK
Institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Polestar Automotive Holding UK during the third quarter worth about $25,000. Principal Street Partners LLC bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth approximately $28,000. Avantax Advisory Services Inc. purchased a new position in shares of Polestar Automotive Holding UK during the third quarter valued at approximately $34,000. Schechter Investment Advisors LLC bought a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $35,000. Finally, TD Asset Management Inc purchased a new stake in Polestar Automotive Holding UK in the third quarter worth $45,000. Hedge funds and other institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
(
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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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