Phoenix Motor Inc (PEV) Stock Could Soon Reward Patient Investors

Phoenix Motor Inc (NASDAQ: PEV) is 123.30% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PEV stock was last observed hovering at around $0.61 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $0.67, the stock is 78.35% and 111.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.27 million and changing 9.66% at the moment leaves the stock 51.53% off its SMA200. PEV registered -25.62% loss for a year compared to 6-month loss of 67.47%. The firm has a 50-day simple moving average (SMA 50) of $0.31684 and a 200-day simple moving average (SMA200) of $0.44213.

The stock witnessed a 165.73% gain in the last 1 month and extending the period to 3 months gives it a 110.99%, and is 104.55% 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 28.98% over the week and 23.44% over the month.

Distance from 52-week low is 234.95% and -51.81% from its 52-week high.

Phoenix Motor Inc (PEV) Top Institutional Holders

11.0 institutions hold shares in Phoenix Motor Inc (PEV), with institutional investors hold 2.66% of the company’s shares. The shares outstanding are 37.17M, and float is at 27.82M with Short Float at 0.52%. Institutions hold 1.23% 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.