Phoenix Motor Inc (NASDAQ: PEV) is -18.00% lower on its value in year-to-date trading and has touched a low of $0.20 and a high of $1.39 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 $0.24 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.25, the stock is -5.28% and -15.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 2.24% at the moment leaves the stock -47.07% off its SMA200. PEV registered -80.93% loss for a year compared to 6-month loss of -50.70%. The firm has a 50-day simple moving average (SMA 50) of $0.29428 and a 200-day simple moving average (SMA200) of $0.466965.
The stock witnessed a -27.43% gain in the last 1 month and extending the period to 3 months gives it a -42.13%, and is 4.19% up 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 10.75% over the week and 12.27% over the month.
Distance from 52-week low is 23.00% and -82.30% from its 52-week high.
9.0 institutions hold shares in Phoenix Motor Inc (PEV), with institutional investors hold 2.47% of the company’s shares. The shares outstanding are 35.40M, and float is at 19.59M with Short Float at 5.56%. Institutions hold 0.85% 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.
