It’s Not A Fantasy To Think That Phoenix Motor Inc (PEV) Has Big Future Potential

Phoenix Motor Inc (NASDAQ:PEV) currently has a daily average trading volume of 5.25M but it saw 266406 shares traded in last market. With a market cap of 12.08M USD, the company’s current market price of $0.32 came rising about 3.18 while comparing to the previous closing price of $0.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.60 and as low as $0.28. In the recent trading on the day, stock has struck highest price mark of $0.3081 while lowest mark touched by it was $0.3374.

Taking a look at 20-day trading activity of Phoenix Motor Inc (PEV) gives us an average price of $0.3714, while its current price level is -79.94% below from 52-week high level whereas it is 14.44% 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 $0.4956 while that of 200 days or SMA-200 reads an average of $0.5993. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.55% during that period while stretching the period over a month that increases to 11.41%. 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 35.08 which implies that the stock is in neutral territory.

Over the week, PEV’s stock price is moving -5.67% down while it is -38.28% when we observe its performance for the past one month. Year-to-date it is -69.29% down and over the past year, the stock is showing a downside performance of -76.74%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Phoenix Motor Inc’s total number of outstanding shares is 21.90M. Company’s return on investment (ROI) stands at -52.01% and return on equity (ROE) at -122.02%. Stock’s beta reads 1.25. Stock has a price to book (P/B) ratio of 0.52 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is -72.80% on average.