Phoenix Motor Inc (PEV) – key numbers that make it a Strong Buy For Now

Phoenix Motor Inc (NASDAQ: PEV) is -9.97% 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 $0.34 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $0.27, the stock is -38.86% and -29.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -21.69% at the moment leaves the stock -34.15% off its SMA200. PEV registered -63.99% loss for a year compared to 6-month loss of -62.70%. The firm has a 50-day simple moving average (SMA 50) of $0.38134 and a 200-day simple moving average (SMA200) of $0.41024.

The stock witnessed a -55.79% gain in the last 1 month and extending the period to 3 months gives it a -6.86%, and is 7.87% 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 25.16% over the week and 20.67% over the month.

Distance from 52-week low is 35.05% and -80.57% 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 1.17%. 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.