Phoenix Motor Inc (NASDAQ:PEV) Drops -9.97 Percent In A Week: What Motivates The Stock?

In last trading session, Phoenix Motor Inc (NASDAQ:PEV) saw 0.58 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $0.41 trading at -$0.02 or -3.53% at ring of the bell on the day assigns it a market valuation of $15.44M. That closing price of PEV’s stock is at a discount of -290.24% from its 52-week high price of $1.60 and is indicating a premium of 24.39% from its 52-week low price of $0.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.08 million shares which gives us an average trading volume of 5.15 million if we extend that period to 3-months.

Phoenix Motor Inc (NASDAQ:PEV) trade information

Upright in the red during last session for losing -3.53%, in the last five days PEV remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $0.41 price level, adding 13.1% to its value on the day. Phoenix Motor Inc’s shares saw a change of -60.78% in year-to-date performance and have moved -9.97% in past 5-day. Phoenix Motor Inc (NASDAQ:PEV) showed a performance of -51.76% in past 30-days. Number of shares sold short was 0.59 million shares which calculate 0.04 days to cover the short interests.

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Phoenix Motor Inc (NASDAQ:PEV)’s Major holders

Insiders are in possession of 66.23% of company’s total shares while institution are holding 0.76 percent of that, with stock having share float percentage of 2.24%. Investors also watch the number of corporate investors in a company very closely, which is 0.76% institutions for Phoenix Motor Inc that are currently holding shares of the company. GEODE CAPITAL MANAGEMENT, LLC is the top institutional holder at PEV for having 0.12 million shares of worth $39818.0. And as of 2024-06-30, it was holding 0.5589 of the company’s outstanding shares.

The second largest institutional holder is HARVEST FUND MANAGEMENT CO., LTD, which was holding about 23185.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.1094 of outstanding shares, having a total worth of $8000.0.