Why Pheton Holdings Ltd (NASDAQ: PTHL) At $20.61 Is Worth Your Money?

money audit

Pheton Holdings Ltd (NASDAQ:PTHL) does about 671.93K shares in volume on a normal day but saw 6222467 shares change hands in the recent trading day. The company now has a market cap of 293.69M USD. Its current market price is $20.61, marking a decrease of -4.23% compared to the previous close of $21.52. The 52 week high reached by this stock is $22.34 whilst the lowest price level in 52 weeks is $1.32.

Pheton Holdings Ltd (PTHL) has a 20-day trading average at $19.05 and the current price is -7.74% off the 52-week high compared with 1461.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.14 and its 200-day simple moving average is $5.92. If we look at the stock’s price movements over the week, volatility stands at 12.34%, which decreases to 9.28% 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 72.11 to suggest the stock is overbought.

The current price level is 8.21%, 69.76%, and 248.41% away from its SMA20, SMA50, and SMA200 respectively, with the PTHL price moving below the 50-day SMA on current market day. Pheton Holdings Ltd (PTHL) stock is up 6.24% over the week and 22.31% over the past month. Its price is 367.35% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 6.58M with insiders holding 95.17% of the shares and institutional holders owning 0.26% of the company’s common stock. The company has a return on investment of -10.68% and return on equity of -20.35%. Price to book ratio is 47.49 and price to sales ratio is 652.65.

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