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 November 5, 2024, PSNY stock price climbed to $1.28 with 2,463,511 million shares trading.

PSNY has a beta of 1.74, 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 $2.70 billion. This is considered a Mid Cap stock.

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

PSNY has underperformed the market in the last year with a return of -44.1%, while SPY returned +34.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PSNY shares. However, PSNY has outperformed the market in the last 3 month and 2 week periods, returning +85.4% and -0.8%, while SPY returned +8.5% and -1.2%, respectively. This indicates PSNY has been having a stronger performance recently.

PSNY support price is $1.15 and resistance is $1.29 (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.