Stock That Is Worth Exploring Now: Phoenix Motor Inc (NASDAQ: PEV)

Phoenix Motor Inc (NASDAQ:PEV) does about 4.66M shares in volume on a normal day but saw 773887 shares change hands in the recent trading day. The company now has a market cap of 26.90M USD. Its current market price is $0.77, marking an increase of 5.91% compared to the previous close of $0.72. The 52 week high reached by this stock is $1.78 whilst the lowest price level in 52 weeks is $0.31.

Phoenix Motor Inc (PEV) has a 20-day trading average at $0.5674 and the current price is -57.04% off the 52-week high compared with 143.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5134 and its 200-day simple moving average is $0.7379. If we look at the stock’s price movements over the week, volatility stands at 19.36%, which increases to 19.86% 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 58.38 to suggest the stock is neutral.

The current price level is 35.16%, 49.38%, and 3.92% 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 9.40% over the week and 70.04% over the past month. Its price is -26.63% year-to-date and -47.47% 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 1.59. Price to book ratio is 3.24 and price to sales ratio is 5.40.