Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) were up 5.3% during mid-day trading on Thursday . The company traded as high as $1.45 and last traded at $1.38. Approximately 2,928,776 shares were traded during trading, a decline of 9% from the average daily volume of 3,222,600 shares. The stock had previously closed at $1.31.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on PSNY shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 price target on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th. 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 target 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 research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Polestar Automotive Holding UK presently has an average rating of "Hold" and an average target price of $3.83.
Check Out Our Latest Research Report on PSNY
Polestar Automotive Holding UK Price Performance
The firm has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $2.01.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Polestar Automotive Holding UK in the third quarter valued at approximately $25,000. Principal Street Partners LLC acquired a new stake in shares of Polestar Automotive Holding UK in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in shares of Polestar Automotive Holding UK in the third quarter valued at approximately $28,000. Avantax Advisory Services Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the third quarter valued at approximately $34,000. Finally, Schechter Investment Advisors LLC acquired a new stake in Polestar Automotive Holding UK during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Company Profile
(
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.
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