Phoenix Motor Inc (PEV) saw downtrend of -1.65% in the recent trading with $0.34 being its most recent. The current price level -78.73% lower than the highest price of $1.60 marked by the stock while trading over the past 52-weeks, whereas it is 8.03% higher than the lowest price of $0.31 the company dropped to over past 52-weeks. The latest news story on PEV appeared in (ACCESSWIRE) under the title “Phoenix Motor Reports Record $12M Revenue for Second Quarter of 2024”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -50.77% below one month high and is +6.34% above of the lowest during that time. Looking into the simple moving average, Phoenix Motor Inc (PEV)’s stock stands at a SMA-50 of $0.5073 while that of 5-day is reading $0.3434.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PEV’s SMA-200 as of now is $0.6226.
Phoenix Motor Inc Earnings – What Happened With PEV
Coming around sales and income figures on PEV Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
PEV – Phoenix Motor Inc Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 21.90 million. PEV does have institutional investors; and they hold 0.51% of the stock.
Phoenix Motor Inc – Insider Activity and Holdings
As on 2024-06-30, GEODE CAPITAL MANAGEMENT, LLC was the top most holder in Phoenix Motor Inc (NASDAQ:PEV) with an ownership of 0.12 million shares of the company or 0.5589 of the stake worth $39818.0. The filing also reveals HARVEST FUND MANAGEMENT CO., LTD as the second largest holder in the company with a control over 0.1094 of the outstanding shares. Its stake is worth $8000.0 for having 23185.0 shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 0.0477 of the outstanding shares. With this there are now 9.0 institutions which have possession in PEV’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Phoenix Motor Inc has a debt to equity ratio of 0.45.
Technical Analysis of Phoenix Motor Inc (NASDAQ:PEV) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Phoenix Motor Inc (PEV), we notice that the stock’s 20-day average volume is at 1,840,310 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 6,765,378 shares. And to end, PEV’s 100-day average volume is 3,461,992 shares with 100% of the long-term indicators pointing towards Sell for the stock.
