Phoenix Motor Inc (NASDAQ:PEV) finished Wednesday with an addition of $0.12 to close at $0.69, an upside of 20.35 percent. An average of 379,240 shares of common stock have been traded in the last five days. There was a gain of $0.0980 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 101,860 shares traded, while the 50-day average volume stands at 50,214.
PEV stock has increased by 17.27% in the last month. The company shares reached their 1-month lowest point of $0.5301 on 09/25/23. With the stock rallying to its 52-week high on 01/30/23, shares of the company touched a low of $0.53 and a high of $2.48 in 52 weeks. It has reached a new high 4 times so far this year and lost -34.72% or -$0.3680 in price. In spite of this, the price is down -72.10% from the 52-week high.
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Valuation Metrics
Phoenix Motor Inc (PEV) stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.86, the price-to-book (PB) ratio at 1.91.
Financial Health
The quick ratio of Phoenix Motor Inc for the recent quarter was 0.57, and the current ratio was 0.92, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.64 for the recent quarter. Its gross profit as reported stood at $0.82 million compared to revenue of $4.33 million.
Earnings Surprise
For the recent quarter, Phoenix Motor Inc had $0.14 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$3.18 million in the quarter, while revenues of -$2.78 million were grew 100.0%. Shareholders own equity worth $21.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Phoenix Motor Inc (PEV) price momentum. RSI 9-day as of the close on 27 September was 71.56%, suggesting the stock is Overbought, with historical volatility in this time frame at 108.66%.
As of today, PEV’s price is $0.6086 +16.50% or $0.0980 from its 5-day moving average. PEV is currently trading +11.61% higher than its 20-day SMA and -23.11% lower than its 100-day SMA. However, the stock’s current price level is -7.61% below the SMA50 and -58.31% below the SMA200.
The stochastic %K and %D were 42.54% and 46.53%, respectively, and the average true range (ATR) was 0.0797. With the 14-day stochastic at 44.98% and the average true range at 0.0672, the RSI (14) stands at 64.65%. The stock has reached 0.0010 on the 9-day MACD Oscillator while the 14-day reading was at 0.0167.
