Phoenix Motor Inc (PEV) Reports -44.85% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Phoenix Motor Inc (NASDAQ:PEV) does about 520.74K shares in volume on a normal day but saw 227158738 shares change hands in the recent trading day. The company now has a market cap of 37.54M USD. Its current market price is $1.07, marking an increase of 207.91% compared to the previous close of $0.35. The 52 week high reached by this stock is $1.94 whilst the lowest price level in 52 weeks is $0.31.

Phoenix Motor Inc (PEV) has a 20-day trading average at $0.4366 and the current price is -44.85% off the 52-week high compared with 239.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4561 and its 200-day simple moving average is $0.7497. If we look at the stock’s price movements over the week, volatility stands at 22.53%, which decreases to 13.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 84.56 to suggest the stock is overbought.

The current price level is 164.23%, 141.65%, and 42.56% away from its SMA20, SMA50, and SMA200 respectively, with the PEV price moving below the 50-day SMA on current market day. Phoenix Motor Inc (PEV) stock is up 184.20% over the week and 137.78% over the past month. Its price is 2.36% year-to-date and -0.93% over the past year.

The company has a return on investment of -146.03% and return on equity of -122.02%. The beta has a value of 1.60. Price to book ratio is 4.52 and price to sales ratio is 7.54.