What should you know before buying stock in Phoenix Motor Inc (PEV)

Phoenix Motor Inc (NASDAQ: PEV) is -22.97% lower on its value in year-to-date trading and has touched a low of $0.31 and a high of $1.78 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 $0.85 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $0.81, the stock is 49.63% and 60.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -5.27% at the moment leaves the stock 8.58% off its SMA200. PEV registered -45.96% loss for a year compared to 6-month loss of 10.15%. The firm has a 50-day simple moving average (SMA 50) of $0.50172 and a 200-day simple moving average (SMA200) of $0.741605.

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The stock witnessed a 91.67% gain in the last 1 month and extending the period to 3 months gives it a 89.68%, and is -24.75% 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 33.64% over the week and 19.00% over the month.

Phoenix Motor Inc (PEV) has around 30 employees, a market worth around $28.25M and $4.98M in sales. Profit margin for the company is -265.05%. Distance from 52-week low is 155.62% and -54.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-146.03%).

Phoenix Motor Inc (PEV) Top Institutional Holders

9.0 institutions hold shares in Phoenix Motor Inc (PEV), with institutional investors hold 2.33% of the company’s shares. The shares outstanding are 21.90M, and float is at 17.02M with Short Float at 1.26%. Institutions hold 0.77% of the Float.

The top institutional shareholder in the company is GEODE CAPITAL MANAGEMENT, LLC with over 0.12 million shares valued at $39818.0. The investor’s holdings represent 0.5589% of the PEV Shares outstanding. As of 2024-06-30, the second largest holder is HARVEST FUND MANAGEMENT CO., LTD with 23185.0 shares valued at $8000.0 to account for 0.1094 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10112.0 shares representing 0.0477% and valued at over $3399.0, while TOWER RESEARCH CAPITAL LLC (TRC) holds 0.0279 of the shares totaling 5909.0 with a market value of $1985.0.