Phoenix Motor Inc (NASDAQ: PEV) Stock: Does It Have More Upside?

In the last trading session, 1.34 million shares of the Phoenix Motor Inc (NASDAQ:PEV) were traded, and its beta was 1.29. Most recently the company’s share price was $0.27, and it changed around $0.01 or 3.21% from the last close, which brings the market valuation of the company to $10.30M. PEV currently trades at a discount to its 52-week high of $1.60, offering almost -492.59% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 7.41% since then. We note from Phoenix Motor Inc’s average daily trading volume that its 10-day average is 2.84 million shares, with the 3-month average coming to 1.50 million.

Phoenix Motor Inc (NASDAQ:PEV) trade information

Instantly PEV has showed a green trend with a performance of 3.21% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3032 on recent trading dayincreased the stock’s daily price by 10.95%. The company’s shares are currently down -8.83% year-to-date, but still down -1.62% over the last five days. On the other hand, Phoenix Motor Inc (NASDAQ:PEV) is -10.33% down in the 30-day period. We can see from the shorts that 0.84 million shares have been sold at a short interest cover period of 0.77 day(s).

PEV Dividends

Phoenix Motor Inc’s next quarterly earnings report is expected to be released in February.

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

Upon looking at major shareholders, it appears that insiders hold 65.83% of Phoenix Motor Inc shares, and 0.85% of them are in the hands of institutional investors. The stock currently has a share float of 2.47%. Phoenix Motor Inc stock is held by 9.0 institutions, with GEODE CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.5589% of the shares, which is about 0.12 million shares worth $39818.0.

HARVEST FUND MANAGEMENT CO., LTD, with 0.1094% or 23185.0 shares worth $8000.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.

Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 82.81 shares worth $22649.0, making up 0.22% of all outstanding shares. On the other hand, Fidelity Total Market Index Fund held roughly 37.57 shares worth around $10274.0, which represents about 0.10% of the total shares outstanding.