Phoenix Motor (PEV) Stock Price, News & Analysis

Company Overview

Phoenix Motor Inc. designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans. The company offers its products under the Phoenix Motorcars and EdisonFuture brand names. It also engages in the sale and leasing dealership of material handling products including electric lithium-ion forklifts and pallet jacks. It serves medium-duty fleet customers, including utilities, cities, municipalities, transit agencies, airports, hotels, seaports, school districts, parking companies, universities, and corporate campuses. The company was founded in 2003 and is headquartered in Anaheim, California.

Key Stats

• Today's Range: $0.40 to $0.51
• 50-Day Range: $0.35 to $1.07
• 52-Week Range: $0.32 to $1.60
• Volume: 20.55 million shs
• Average Volume: 1.63 million shs
• Market Capitalization: $16.93 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Phoenix Motor Stock Analysis - MarketRank™

Phoenix Motor scored higher than 12% of companies evaluated by MarketBeat, and ranked 85th out of 93 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Phoenix Motor.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Phoenix Motor is -1.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Phoenix Motor is -1.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.49% of the float of Phoenix Motor has been sold short.

Short Interest Ratio / Days to Cover

Phoenix Motor has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phoenix Motor has recently increased by 177.05%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Phoenix Motor does not currently pay a dividend.

Dividend Growth

Phoenix Motor does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.49% of the float of Phoenix Motor has been sold short.

Short Interest Ratio / Days to Cover

Phoenix Motor has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phoenix Motor has recently increased by 177.05%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.07

News Sentiment

Phoenix Motor has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.32 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Phoenix Motor this week, compared to 1 article on an average week.

Search Interest

5 people have searched for PEV on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Phoenix Motor to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Phoenix Motor insiders have not sold or bought any company stock.

Percentage Held by Insiders

36.70% of the stock of Phoenix Motor is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 8.90% of the stock of Phoenix Motor is held by institutions.

PEV Stock Analysis - Frequently Asked Questions

How have PEV shares performed this year?

Phoenix Motor's stock was trading at $1.0453 at the beginning of 2024. Since then, PEV stock has decreased by 56.4% and is now trading at $0.4554.
View the best growth stocks for 2024 here.

How were Phoenix Motor's earnings last quarter?

Phoenix Motor Inc. (NASDAQ:PEV) issued its earnings results on Thursday, October, 3rd. The company reported $0.54 EPS for the quarter. The business earned $9.42 million during the quarter.

When did Phoenix Motor IPO?

Phoenix Motor (PEV) raised $16 million in an initial public offering (IPO) on Wednesday, June 8th 2022. The company issued 2,100,000 shares at a price of $7.50 per share.

How do I buy shares of Phoenix Motor?

Shares of PEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Phoenix Motor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Phoenix Motor investors own include Predictive Oncology (POAI), Abbott Laboratories (ABT), JPMorgan Chase & Co. (JPM), Insulet (PODD), Ford Motor (F), NVIDIA (NVDA) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 10/03/2024
• Today: 11/02/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Truck & bus bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:PEV
• CUSIP: N/A
• CIK: 1879848
• Web: www.phoenixmotorcars.com
• Phone: 909-987-0815
• Fax: 909-987-2020
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-20,650,000.00
• Net Margins: N/A
• Pretax Margin: 17.63%
• Return on Equity: 66.81%
• Return on Assets: 17.00%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 2.80
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $3.12 million
• Price / Sales: 5.43
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.23) per share
• Price / Book: -1.98

Miscellaneous

• Outstanding Shares: 37,170,000
• Free Float: 23,528,000
• Market Cap: $16.93 million
• Optionable: Not Optionable
• Beta: 1.59