Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Phoenix Motor Inc’s current trading price is -82.09% away from its 52-week high, while its distance from the 52-week low is 10.32%. The stock’s price range during this period has varied between $0.31 and $1.94. The company, active in the Consumer Cyclical sector, saw a trading volume of around 15.6 million for the day, considerably higher average daily volume of 0.14 million observed over the last three months.
Phoenix Motor Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $1.94 on 10/09/23, and the lowest price during that time was $0.31, recorded on 07/01/24.
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How Financial Performance Impacts Market Capitalization
Phoenix Motor Inc (PEV) has experienced a quarterly decline of -12.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.19M and boasts a workforce of 30 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5106, with a change in price of -0.1125. Similarly, Phoenix Motor Inc recorded 369,161 in trading volume during the last 100 days, posting a change of -24.46%.
How PEV’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PEV stands at 0.96. Similarly, the long-term debt-to-equity ratio is also 0.79.
PEV Stock Stochastic Average
As of today, the raw stochastic average of Phoenix Motor Inc over the last 50 days is at 5.48%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 10.91%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.32% and 10.35%, respectively.
PEV Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -66.76%. However, over the last six months, the performance has been stronger by -55.36%. The price of PEV decreased -24.46% over the last 30 days. And in the last five days, it has fallen by -10.35%.
