Polestar Automotive Holding UK PLC ADR (PSNY) Stock: Identifying Value and Future Vision

A share price of Polestar Automotive Holding UK PLC ADR [PSNY] is currently trading at $0.70, up 0.04%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PSNY shares have gain 3.41% over the last week, with a monthly amount drifted -23.79%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Polestar Automotive Holding UK PLC ADR [NASDAQ: PSNY] stock has seen the most recent analyst activity on March 15, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $2 from $3. Previously, Bernstein started tracking the stock with Underperform rating on January 24, 2024, and set its price target to $1.15. On November 01, 2023, Piper Sandler initiated with a Overweight rating and assigned a price target of $3 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $3 on September 07, 2023. R. F. Lafferty initiated its recommendation with a Buy and recommended $9 as its price target on August 01, 2023. In a note dated April 27, 2023, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $7 on this stock.

Polestar Automotive Holding UK PLC ADR experienced fluctuations in its stock price throughout the past year between $0.66 and $4.96. Currently, Wall Street analysts expect the stock to reach $5.5 within the next 12 months. Polestar Automotive Holding UK PLC ADR [NASDAQ: PSNY] shares were valued at $0.70 at the most recent close of the market. An investor can expect a potential return of 685.71% based on the average PSNY price forecast.

Analyzing the PSNY fundamentals

Trailing Twelve Months sales for Polestar Automotive Holding UK PLC ADR [NASDAQ:PSNY] were 2.83B which represents 40.82% growth. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is 2.13 and Total Capital is 8.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.72.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6755 points at the first support level, and at 0.6477 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7455, and for the 2nd resistance point, it is at 0.7877.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Polestar Automotive Holding UK PLC ADR [NASDAQ:PSNY] is 0.55. In addition, the Quick Ratio stands at 0.33 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.12.

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