Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) - Analysts at Cantor Fitzgerald dropped their FY2024 earnings per share estimates for Polestar Automotive Holding UK in a research note issued to investors on Tuesday, May 7th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings of ($0.72) per share for the year, down from their previous estimate of ($0.70). Cantor Fitzgerald has a "Overweight" rating and a $5.00 price objective on the stock. The consensus estimate for Polestar Automotive Holding UK's current full-year earnings is ($0.62) per share.
PSNY has been the subject of several other research reports. Sanford C. Bernstein assumed coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 price objective for the company. Piper Sandler reiterated a "neutral" rating and issued 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 analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $3.83.
View Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Stock Performance
PSNY stock remained flat at $1.34 during midday trading on Thursday. The company's stock had a trading volume of 1,537,879 shares, compared to its average volume of 3,282,893. Polestar Automotive Holding UK has a 12-month low of $1.16 and a 12-month high of $4.96. The firm has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.86.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Polestar Automotive Holding UK during the third quarter valued at $25,000. Principal Street Partners LLC bought a new position in Polestar Automotive Holding UK in the fourth quarter valued at about $28,000. Avantax Advisory Services Inc. bought a new position in Polestar Automotive Holding UK in the third quarter valued at about $34,000. Schechter Investment Advisors LLC bought a new position in Polestar Automotive Holding UK in the fourth quarter valued at about $35,000. Finally, TD Asset Management Inc bought a new position in Polestar Automotive Holding UK in the third quarter valued at about $45,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
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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