Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.34, but opened at $1.30. Polestar Automotive Holding UK shares last traded at $1.29, with a volume of 630,986 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on PSNY. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 price target on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Sanford C. Bernstein started coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They set an "underperform" rating and a $1.15 price target on the stock. Finally, Piper Sandler reissued 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 given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Polestar Automotive Holding UK currently has an average rating of "Hold" and a consensus price target of $3.83.
Check Out Our Latest Stock Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Trading Down 5.2 %
The company has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.98.
Institutional Investors Weigh In On Polestar Automotive Holding UK
A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Polestar Automotive Holding UK by 10.7% during the 3rd quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after acquiring an additional 273,479 shares during the last quarter. Tobam raised its stake in 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. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Polestar Automotive Holding UK by 24.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 574,550 shares of the company's stock valued at $1,517,000 after purchasing an additional 112,900 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Polestar Automotive Holding UK by 67.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company's stock worth $608,000 after purchasing an additional 116,207 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its position in Polestar Automotive Holding UK by 2.4% during the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company's stock worth $430,000 after buying an additional 6,528 shares in the last quarter. Institutional investors own 1.02% of the company's stock.
About Polestar Automotive Holding UK
(
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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.
Further Reading
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