The $0.32 Value Of Phoenix Motor Inc (NASDAQ: PEV) Should Not Be Underestimated

During the last session, Phoenix Motor Inc (NASDAQ:PEV)’s traded shares were 0.62 million, with the beta value of the company hitting 1.34. The 52-week high for the PEV share is $1.60, that puts it down -400.0 from that peak though still a striking 3.13% gain since the share price plummeted to a 52-week low of $0.31. The company’s market capitalization is $12.08M, and the average intraday trading volume over the past 10 days was 0.65 million shares, and the average trade volume was 5.23 million shares over the past three months.

Phoenix Motor Inc (NASDAQ:PEV) trade information

Phoenix Motor Inc (PEV) registered a -0.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.83% in intraday trading to $0.32, hitting a weekly high. The stock’s 5-day price performance is -5.48%, and it has moved by -36.95% in 30 days. Based on these gigs, the overall price performance for the year is -72.85%. The short interest in Phoenix Motor Inc (NASDAQ:PEV) is 0.32 million shares and it means that shorts have 0.03 day(s) to cover.

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PEV Dividends

Phoenix Motor Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Phoenix Motor Inc insiders own 66.23% of total outstanding shares while institutional holders control 0.85%, with the float percentage being 2.50%. GEODE CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 9.0 institutions own stock in it. As of 2024-06-30, the company held over 0.12 million shares (or 0.5589% of all shares), a total value of $39818.0 in shares.

The next largest institutional holding, with 23185.0 shares, is of HARVEST FUND MANAGEMENT CO., LTD’s that is approximately 0.1094% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8000.0.

Also, the Mutual Funds coming in first place with the largest holdings of Phoenix Motor Inc (PEV) shares are Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund . Data provided on Sep 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 85.23 shares. This amounts to just over 0.23 percent of the company’s overall shares, with a $27350.0 market value. The same data shows that the other fund manager holds slightly less at 22.06, or about 0.06% of the stock, which is worth about $7080.0.