Polestar Automotive Holding UK (NASDAQ:PSNY) Trading Down 3.7%

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report) fell 3.7% on Wednesday . The stock traded as low as $0.89 and last traded at $0.91. 5,076,387 shares traded hands during trading, a decline of 25% from the average session volume of 6,788,302 shares. The stock had previously closed at $0.95.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PSNY. Citigroup decreased their price target on Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Barclays dropped their target price on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a report on Monday, July 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.31.

Get Our Latest Report on Polestar Automotive Holding UK

Polestar Automotive Holding UK Trading Down 1.6 %

The business’s 50-day moving average is $0.94 and its 200-day moving average is $1.46.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Polestar Automotive Holding UK by 32.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company’s stock valued at $47,000 after purchasing an additional 5,115 shares during the last quarter. Green Alpha Advisors LLC boosted its holdings in shares of Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock valued at $430,000 after acquiring an additional 6,528 shares during the period. Raymond James & Associates raised its stake in shares of Polestar Automotive Holding UK by 36.5% during the fourth quarter. Raymond James & Associates now owns 29,532 shares of the company’s stock worth $67,000 after purchasing an additional 7,900 shares during the last quarter. Bard Financial Services Inc. boosted its holdings in Polestar Automotive Holding UK by 57.1% in the 4th quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock valued at $62,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Principal Street Partners LLC acquired a new position in shares of Polestar Automotive Holding UK during the 4th quarter worth $28,000. 1.02% of the stock is owned by hedge funds and other institutional investors.

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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