Polestar Automotive (PSNY, Financial) is witnessing normal options trading activity ahead of its upcoming earnings report, with a notable trend where put options are surpassing call options by a ratio of 7:4. This suggests a cautious outlook among investors as they anticipate the company's financial results.
The implied volatility in Polestar's options indicates that the market is bracing for a potential stock movement of approximately 10.9%, or 11 cents, following the earnings announcement. This expectation is significantly higher than the stock's historical median move of 5.4% over the past eight quarterly reports.
As the earnings release approaches, traders appear to be positioning themselves for a substantial price change in Polestar's shares, making it a closely watched event for investors and analysts alike.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Polestar Automotive Holding UK PLC (PSNY, Financial) is $1.45 with a high estimate of $3.00 and a low estimate of $0.40. The average target implies an upside of 49.32% from the current price of $0.97. More detailed estimate data can be found on the Polestar Automotive Holding UK PLC (PSNY) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Polestar Automotive Holding UK PLC's (PSNY, Financial) average brokerage recommendation is currently 3.6, indicating "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
