PSNY Stock Summary and Trading Ideas (Polestar Automotive Holding Uk Limited - Class A Ads | NASDAQ:PSNY)

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.

Polestar Automotive Holding Uk Limited - Class A Ads trades on the NASDAQ stock market under the symbol PSNY.

As of January 22, 2025, PSNY stock price declined to $1.07 with 1,757,397 million shares trading.

PSNY has a beta of 1.58, meaning it tends to be more sensitive to market movements. PSNY has a correlation of 0.03 to the broad based SPY ETF.

PSNY has a market cap of $2.26 billion. This is considered a Mid Cap stock.

The top ETF exchange traded funds that PSNY belongs to (by Net Assets): IEFA, SCZ, QCLN, KOMP, IDRV.

PSNY has underperformed the market in the last year with a price return of -47.8% while the SPY ETF gained +27.3%. PSNY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.1% and -2.7%, respectively, while the SPY returned +4.3% and +3.1%, respectively.

PSNY support price is $1.03 and resistance is $1.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSNY shares will trade within this expected range on the day.