Phoenix Motor Inc [PEV] moved down -8.92: Why It’s Important

Phoenix Motor Inc [NASDAQ: PEV] traded at a low on Thursday, posting a -8.92 loss after which it closed the day’ session at $0.45.

The results of the trading session contributed to over 3004427 shares changing hands. Over the past one week, the price volatility of Phoenix Motor Inc stands at 16.71% while the volatility over the past one month is 21.12%.

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The market cap for PEV stock reached $16.90 million, with 21.90 million shares outstanding and 17.02 million shares in the current float. Compared to the average trading volume of 4.73M shares, PEV reached a trading volume of 3004427 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Phoenix Motor Inc [PEV]?

The Average True Range (ATR) for Phoenix Motor Inc is set at 0.10, with the Price to Sales ratio for PEV stock in the period of the last 12 months amounting to 3.39. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.01.

How has PEV stock performed recently?

Phoenix Motor Inc [PEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.71. With this latest performance, PEV shares gained by 31.70% in over the last four-week period, additionally plugging by 5.04% over the last 6 months – not to mention a drop of -41.73% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEV stock in for the last two-week period is set at 41.17, with the RSI for the last a single of trading hit 34.37, and the three-weeks RSI is set at 44.47 for Phoenix Motor Inc [PEV]. The present Moving Average for the last 50 days of trading for this stock 0.5344, while it was recorded at 0.5139 for the last single week of trading, and 0.6907 for the last 200 days.

Phoenix Motor Inc [PEV]: Deeper insight into the fundamentals

Phoenix Motor Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.34 and a Current Ratio set at 0.65.

Insider trade positions for Phoenix Motor Inc [PEV]

There are presently around $0.77%, or 2.33%% of PEV stock, in the hands of institutional investors. The top three institutional holders of PEV stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 0.12 million shares, which is approximately 0.5589%. HARVEST FUND MANAGEMENT CO., LTD, holding 23185.0 shares of the stock with an approximate value of $$8000.0 in PEV stocks shares; and HARVEST FUND MANAGEMENT CO., LTD, currently with $$3399.0 in PEV stock with ownership which is approximately 0.0477%.