Phoenix Motor Inc (NASDAQ: PEV) is -64.13% lower on its value in year-to-date trading and has touched a low of $0.31 and a high of $1.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PEV stock was last observed hovering at around $0.37 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.38, the stock is -42.22% and -38.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 2.46% at the moment leaves the stock -61.11% off its SMA200. PEV registered -46.51% loss for a year compared to 6-month loss of -64.35%.
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The stock witnessed a -55.30% gain in the last 1 month and extending the period to 3 months gives it a -51.92%, and is -21.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.08% over the week and 14.79% over the month.
Profit margin for the company is -82.87%. Distance from 52-week low is 19.05% and -80.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.11%).
The shares outstanding are 35.08M, and float is at 17.02M with Short Float at 1.13%.
Phoenix Motor Inc (PEV) Insider Activity
The most recent transaction is an insider sale by EdisonFuture, Inc., the company’s 10% Owner. SEC filings show that EdisonFuture, Inc. sold 12,000,000 shares of the company’s common stock on Sep 26 ’23 at a price of $1.02 per share for a total of $12.24 million. Following the sale, the insider now owns 5.5 million shares.