Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 3,373,813 shares traded hands during mid-day trading, an increase of 4% from the previous session's volume of 3,259,133 shares.The stock last traded at $1.22 and had previously closed at $1.28.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on PSNY. Sanford C. Bernstein started coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 target price for the company. Citigroup reduced their price target on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating on the stock in a report on Thursday. 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 report on Friday, March 15th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $3.48.
Check Out Our Latest Stock Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Stock Performance
The company's 50-day simple moving average is $1.46 and its 200 day simple moving average is $1.83.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in Polestar Automotive Holding UK during the third quarter valued at approximately $25,000. Principal Street Partners LLC purchased a new stake in Polestar Automotive Holding UK during the 4th quarter valued at $28,000. Avantax Advisory Services Inc. bought a new stake in Polestar Automotive Holding UK in the third quarter worth $34,000. Schechter Investment Advisors LLC purchased a new position in Polestar Automotive Holding UK during the fourth quarter worth $35,000. Finally, TD Asset Management Inc bought a new position in Polestar Automotive Holding UK during the third quarter valued at $45,000. Institutional investors own 1.02% of the company's stock.
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.
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