Polestar Automotive (PSNY, Financial) experienced a significant stock price decline of 5.06%. The share price fell to $1.65, with a trading volume of approximately 2.87 million shares and a turnover rate of 0.14%. The price volatility hit 7.49%.
Recent financial reports indicate Polestar achieved a revenue of $573 million and posted a net loss of $267 million, translating to an earnings per share (EPS) of -$0.13. The gross profit stood at $1.74 million, resulting in a price-to-earnings (P/E) ratio of -2.49.
Regarding institutional ratings, 38% of the eight participating brokerage firms recommend buying, while another 38% suggest holding. The remaining 24% recommend selling Polestar stock.
Within the automotive manufacturing industry, the overall decline was 1.99%. Among related stocks, notable gainers included Gogoro Inc C/Wts (To Pur Com), Niu Technologies, and Faraday Future Intelligent Electric Inc C/Wts (To Pur Com). Mullen Automotive, Inc., Faraday Future, and NIO Inc. were actively traded, with turnover rates of 237.80%, 29.09%, and 4.87% respectively. Stocks with high price volatility included Gogoro Inc C/Wts (To Pur Com), Flagship Automotive Group, and Zapp Electric Vehicles Group Ltd C/Wts (To Pur Com), showing amplitudes of 28.75%, 25.23%, and 23.23%, respectively.
Polestar Automotive Holding UK PLC, founded by Volvo Cars and Geely Holding, is a manufacturer of electric vehicles focused on cutting-edge design, technology, and sustainability. The company’s product lineup includes Polestar 1 and Polestar 2, with the majority of its revenue generated from the U.S. market. As of the latest check, 33.33% of news sentiment around Polestar remained positive.
