Should Investors Trust The Upside Potential In Phoenix Motor Inc (PEV)?

Phoenix Motor Inc (NASDAQ:PEV) currently has a daily average trading volume of 4.73M but it saw 3004427 shares traded in last market. With a market cap of 16.90M USD, the company’s current market price of $0.45 came falling about -8.92 while comparing to the previous closing price of $0.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.60 and as low as $0.31. In the recent trading on the day, stock has struck highest price mark of $0.45 while lowest mark touched by it was $0.499.

Taking a look at 20-day trading activity of Phoenix Motor Inc (PEV) gives us an average price of $0.6778, while its current price level is -71.59% below from 52-week high level whereas it is 44.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5344 while that of 200 days or SMA-200 reads an average of $0.6907. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.71% during that period while stretching the period over a month that increases to 21.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.17 which implies that the stock is in neutral territory.

Over the week, PEV’s stock price is moving -10.71% down while it is 31.70% when we observe its performance for the past one month. Year-to-date it is -56.52% down and over the past year, the stock is showing a downside performance of -41.73%.

Currently, Phoenix Motor Inc’s total number of outstanding shares is 21.90M. Company’s return on investment (ROI) stands at -146.03% and return on equity (ROE) at -122.02%. Stock’s beta reads 1.55. Stock has a price to book (P/B) ratio of 1.92 while price to sale or P/S ratio amounts to 3.39. Its return on asset (ROA) is -72.80% on average.