Polestar Automotive Holding UK (NASDAQ:PSNY) Shares Gap Up to $0.95

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $0.95, but opened at $0.99. Polestar Automotive Holding UK shares last traded at $0.96, with a volume of 2,563,601 shares traded.

Analyst Upgrades and Downgrades

PSNY has been the topic of a number of research reports. 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. Citigroup lowered their price target on Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Sanford C. Bernstein assumed coverage on Polestar Automotive Holding UK in a research note on Wednesday, January 24th. They issued an “underperform” rating and a $1.15 price objective on the stock. Finally, Piper Sandler reaffirmed 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 note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.48.

View Our Latest Analysis on PSNY

Polestar Automotive Holding UK Stock Up 2.1 %

The firm has a fifty day simple moving average of $1.42 and a 200-day simple moving average of $1.81.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSNY. Tidal Investments LLC boosted its position in Polestar Automotive Holding UK by 118.4% during the first quarter. Tidal Investments LLC now owns 241,946 shares of the company’s stock valued at $373,000 after purchasing an additional 131,167 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Polestar Automotive Holding UK by 32.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,336 shares of the company’s stock valued at $218,000 after purchasing an additional 34,827 shares during the last quarter. Green Alpha Advisors LLC boosted 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 valued at $430,000 after purchasing an additional 6,528 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new position in Polestar Automotive Holding UK during the fourth quarter valued at approximately $226,000. Finally, Bard Financial Services Inc. boosted its position in Polestar Automotive Holding UK by 57.1% during the fourth 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 during the last quarter. 1.02% of the stock is currently owned by institutional investors.

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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