Polestar Automotive Holding UK (PSNY) Scheduled to Post Earnings on Thursday

Polestar Automotive Holding UK (NASDAQ:PSNY) is scheduled to release its 06/30/2023 earnings data before the market opens on Thursday, August 31st. Analysts expect Polestar Automotive Holding UK to post earnings of ($0.13) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Polestar Automotive Holding UK Stock Up 1.6 %

PSNY stock opened at $3.81 on Tuesday. The company has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $4.01. Polestar Automotive Holding UK has a one year low of $3.14 and a one year high of $8.30.

Analysts Set New Price Targets

A number of research firms have commented on PSNY. R. F. Lafferty assumed coverage on shares of Polestar Automotive Holding UK in a research report on Tuesday, August 1st. They set a “buy” rating and a $9.00 price objective for the company. Citigroup assumed coverage on shares of Polestar Automotive Holding UK in a research report on Friday, July 21st. They issued a “neutral” rating for the company. Finally, Cantor Fitzgerald reduced their target price on shares of Polestar Automotive Holding UK from $7.00 to $6.00 in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Polestar Automotive Holding UK presently has a consensus rating of “Hold” and a consensus target price of $8.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. acquired a new position in Polestar Automotive Holding UK in the first quarter valued at about $59,000. UBS Group AG acquired a new position in Polestar Automotive Holding UK during the second quarter worth about $46,000. BlackRock Inc. acquired a new position in Polestar Automotive Holding UK during the third quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Polestar Automotive Holding UK during the second quarter worth about $75,000. Finally, Cerity Partners LLC acquired a new position in Polestar Automotive Holding UK during the first quarter worth about $38,000. Institutional investors and hedge funds own 0.82% of the company’s stock.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.