The stock of Phoenix Motor Inc (PEV) has seen a -8.27% decrease in the past week, with a -44.25% drop in the past month, and a -30.97% decrease in the past quarter. The volatility ratio for the week is 9.46%, and the volatility levels for the past 30 days are at 13.18% for PEV. The simple moving average for the past 20 days is -19.42% for PEV’s stock, with a -45.34% simple moving average for the past 200 days.
Is It Worth Investing in Phoenix Motor Inc (NASDAQ: PEV) Right Now?
The stock has a 36-month beta value of 1.39.
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The public float for PEV is 19.35M, and at present, short sellers hold a 1.65% of that float. On November 21, 2024, the average trading volume of PEV was 5.19M shares.
PEV) stock’s latest price update
The stock of Phoenix Motor Inc (NASDAQ: PEV) has decreased by -1.65 when compared to last closing price of 0.35. Despite this, the company has experienced a -8.27% fall in its stock price over the last five trading sessions. accesswire.com reported 2024-10-31 that ANAHEIM, CA / ACCESSWIRE / October 31, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reported financial and operational results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue increased 937% to $12.03 million, up from $1.16 million in Q2 2023 Gross profit increased to $1.83 million, up from a gross loss of ($0.06) million in Q2 2023 Net loss improved to $2.26 million compared to a net loss of $3.18 million in Q2 2023 Cash and cash equivalents were $1.40 million as of June 30, 2024, up from $0.03 million on December 31, 2023 Total equity increased to $21.86 million as of June 30, 2024, up from negative equity of $4.84 million on December 31, 2023 Second Quarter and Recent Company Highlights Delivered five 40′ ZX5 battery electric buses in May 2024 for the University of California, Irvine (UCI) Signed contract to supply four all-electric transit buses for the University of California San Diego, to be delivered in early 2025.
PEV Trading at -32.91% from the 50-Day Moving Average
After a stumble in the market that brought PEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.73% of loss for the given period.
Volatility was left at 13.18%, however, over the last 30 days, the volatility rate increased by 9.46%, as shares sank -39.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.93% lower at present.
During the last 5 trading sessions, PEV fell by -8.27%, which changed the moving average for the period of 200-days by -70.91% in comparison to the 20-day moving average, which settled at $0.4225. In addition, Phoenix Motor Inc saw -67.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PEV
Current profitability levels for the company are sitting at:
- -1.24 for the present operating margin
- 0.18 for the gross margin
The net margin for Phoenix Motor Inc stands at -0.62. The total capital return value is set at -0.56. Equity return is now at value -122.02, with -72.80 for asset returns.
Based on Phoenix Motor Inc (PEV), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -6.83.
Currently, EBITDA for the company is -18.01 million with net debt to EBITDA at -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.07.
Conclusion
To sum up, Phoenix Motor Inc (PEV) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
