Phoenix Motor Inc (NASDAQ:PEV) shares, rose in value on Thursday, March 06, with the stock price up by 4.74% to the previous day’s close as strong demand from buyers drove the stock to $0.34.
Actively observing the price movement in the last trading, the stock closed the session at $0.32. Referring to stock’s 52-week performance, its high was $1.39, and the low was $0.20. On the whole, PEV has fluctuated by 34.69% over the past month.
With the market capitalization of Phoenix Motor Inc currently standing at about $15.64 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PEV’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PEV currently trading nearly 8.46% and 16.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.61, while the 7-day volatility ratio is showing 13.33% which for the 30-day chart, stands at 15.66%. Furthermore, Phoenix Motor Inc (PEV)’s beta value is 1.07, and its average true range (ATR) is 0.05.
A comparison of Phoenix Motor Inc (PEV) with its peers suggests the former has fared considerably weaker in the market. PEV showed an intraday change of 4.74% in last session, and over the past year, it shrunk by -65.99%%.
Data on historical trading for Phoenix Motor Inc (NASDAQ:PEV) indicates that the trading volumes over the past 3 months, they’ve averaged 6.08 million. According to company’s latest data on outstanding shares, there are 37.17 million shares outstanding.
Nearly 47.98% of Phoenix Motor Inc’s shares belong to company insiders and institutional investors own 1.23% of the company’s shares. The stock has risen by 13.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PEV stock heading into the next quarter.
