Market Momentum: Phoenix Motor Inc (PEV) Registers a 2.46 Increase, Closing at 0.38

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Phoenix Motor Inc (NASDAQ: PEV) closed the day trading at $0.38 up 2.46% from the previous closing price of $0.37. In other words, the price has increased by $2.46 from its previous closing price. On the day, 0.11 million shares were traded. PEV stock price reached its highest trading level at $0.375 during the session, while it also had its lowest trading level at $0.3653.

Ratios:

For a better understanding of PEV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.79.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 26 ’23 when EdisonFuture, Inc. sold 12,000,000 shares for $1.02 per share. The transaction valued at 12,240,000 led to the insider holds 5,500,000 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PEV now has a Market Capitalization of 13024833 and an Enterprise Value of 20679600. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 6.624 whereas that against EBITDA is -1.441.

Stock Price History:

The Beta on a monthly basis for PEV is 1.55, which has changed by -0.47000003 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, PEV has reached a high of $1.94, while it has fallen to a 52-week low of $0.31. The 50-Day Moving Average of the stock is -38.80%, while the 200-Day Moving Average is calculated to be -61.11%.

Shares Statistics:

Over the past 3-months, PEV traded about 85.18K shares per day on average, while over the past 10 days, PEV traded about 132740 shares per day. A total of 35.08M shares are outstanding, with a floating share count of 17.02M. Insiders hold about 51.49% of the company’s shares, while institutions hold 8.13% stake in the company. Shares short for PEV as of 1718323200 were 191858 with a Short Ratio of 2.25, compared to 1715731200 on 171879. Therefore, it implies a Short% of Shares Outstanding of 191858 and a Short% of Float of 3.54.

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