Polestar Automotive Holding UK PLC, trading on NASDAQ
SNY, is a key player in the electric vehicle sector, competing with giants like Tesla and Rivian. As it gears up to release its quarterly earnings on March 31, 2025, Wall Street's eyes are on its estimated earnings per share (EPS) of -$0.12 and projected revenue of $572.1 million.
The company is currently embroiled in a class action lawsuit filed by Bronstein, Gewirtz & Grossman, LLC, targeting investors who acquired Polestar securities between November 14, 2022, and January 16, 2025. The lawsuit accuses Polestar of making false statements and failing to disclose significant operational issues, including misstated financial statements.
PSNY's financial health is under scrutiny, with a negative price-to-earnings (P/E) ratio of -1.83 and a price-to-sales ratio of 1.57. The enterprise value to sales ratio stands at 3.80, with the enterprise value to operating cash flow ratio at -7.82, indicating negative operating cash flow. The earnings yield is at a concerning -54.67%, and the debt-to-equity ratio is 2.15, suggesting the company is heavily leveraged. Furthermore, the current ratio of 0.58 raises alarms about the company's liquidity and its ability to meet short-term obligations.
