Phoenix Motor Inc (NASDAQ:PEV) price closed higher on current market day and jumping 9.66% above its previous close.
A look at the daily price movement shows that the last close reads $0.61, with intraday deals fluctuated between $0.58 and $0.69. The company’s 5Y monthly beta was ticking 1.175. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.39 and 52-week low of $0.20. The stock added 165.73% on its value in the past month.
Phoenix Motor Inc, which has a market valuation of $30.80 million, is expected to release its quarterly earnings report in April.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PEV a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that PEV’s price is at present 78.35% off the SMA20 and 111.48% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 80.51, with weekly volatility standing at 28.98%. The indicator jumps to 23.44% when calculated based on the past 30 days. Phoenix Motor Inc (NASDAQ:PEV)’s beta value is holding at -0.37, while the average true range (ATR) indicator is currently reading 0.08.
An analysis of the Phoenix Motor Inc (NASDAQ:PEV) stock in terms of its daily trading volume indicates that the 3-month average is 7.81 million. However, this figure increases on the past 10-day timeline to an average of 11.16 million.
Current records show that the company has 37.17M in outstanding shares. The insiders’ percentage holdings are 39.49% of outstanding shares while the percentage share held by institutions stands at 1.23%. The stats also highlight that short interest as of 2025-02-28, stood at 0.15 million shares, which puts the short ratio at the time at 0.01. From this we can glean that short interest is 91.00 of company’s current outstanding shares. Notably, we see that shares short in February fall slightly given the previous month’s figure stood at 1.19 million. But the 123.30% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
