21:30 on May 22, 2024, Beijing time, Polar Star Motor (PSNY.us) shares changed, and the share price rose 5.08% rapidly. As of press time, the stock was trading at US $0.998 per share, with a turnover of 1.06981 million shares, a turnover rate of 0.05% and an amplitude of 0.40%.
Recent earnings data show that the stock achieved operating income of $685 million, net profit of-$304 million, earnings per share of-$0.14, gross profit of-$810000.00, and price-to-earnings ratio of-2.82 times.
In terms of institutional ratings, 44% of the nine agencies that participated in the rating gave buy advice, 33% gave hold advice and 23% gave sell advice.
In the auto manufacturing industry in which Star Motor shares are located, the overall increase was 2.96%. Among its related stocks, Phoenix Motor Inc., Vicinity Motor Corp., Star Motors, Faraday Future, Mullen AutomotiveTiger'sTroveTrek, Inc. 、 Volcon, Inc. It is more active, with turnover rates of 33.55%, 1.25% and 0.90%, respectively. The related stocks with larger amplitudes are Phoenix Motor Inc., Faraday Future, Mullen Automotive, and Inc., with amplitudes of 6.65%, 4.32% and 3.94%, respectively.
Polestar Automotive Holding UK PLC is an electric car manufacturer. It is committed to designing products designed to inspire consumers and drive change. Polestar defines design, technology, and sustainabilityTiger'sTroveTrekSet the market-leading standard. Polestar is a high-end electric vehicle brand founded by Volvo and Geely Holdings. Polestar has produced two electric performance cars, the Polestar 1 and the Polestar 2. Geographically, most of its revenue comes from the United States.
At the news level, as of 21:30, "failure to submit financial statements in time, warning of closing and delisting of Star cars" information is important information that affects Star cars. The summary of the information is as follows: recently, Polar posted on its website that due to the failure to submit its annual report for the fiscal year ended December 31, 2023, it has received a notification from the NASDAQ Stock Exchange in New York that it does not meet the regular financial reporting requirements for continuous listing as stipulated in the NASDAQ listing rules 5250 (c) (1). According to the Nasdaq listing rules, Star Motor will have 60 days to submit its compliance plan to NASDAQ from the date of notification. In February, Volvo announced that it would reduce its stake in Star Motor, with Geely Sweden Holdings, a subsidiary of Geely Holdings, as the main transferee.
