Last Updated: 13 Oct 2024
Executive Summary
Phoenix Motor Inc. (PEV) is a manufacturer of electric vehicles and electric propulsion systems. The company's stock price has been volatile in recent months, but it has recently rebounded from its 52-week low of $0.315. The latest stock price is $0.81.
Company Overview
Phoenix Motor Inc. was founded in 2006 and is headquartered in Anaheim, California. The company designs, assembles, and integrates light and medium-duty electric vehicles and electric propulsion systems. Phoenix Motor's vehicles are used in a variety of applications, including commercial, government, and military.
Fundamental Analysis
Phoenix Motor Inc. is a small-cap company with a market capitalization of $29.93 million. The company's revenue has been growing in recent quarters, but it is still unprofitable. Phoenix Motor's gross profit margin is -5.2%, and its operating margin is -65.2%. The company's net loss in the most recent quarter was $4.0 million.
Phoenix Motor's balance sheet is weak. The company has $10.7 million in cash and equivalents, but it also has $30.4 million in debt. Phoenix Motor's debt-to-equity ratio is 1.47.
Technical Analysis
Phoenix Motor's stock price has been trading in a range between $0.315 and $1.785 over the past year. The stock price is currently trading near the middle of this range.
The 50-day moving average is $0.502, and the 200-day moving average is $0.742. The stock price is currently trading above both of these moving averages.
The relative strength index (RSI) is 52.67. This indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The technical analysis suggests that Phoenix Motor's stock price is likely to continue to trade in a range in the short term. The stock price is currently trading near the middle of its 52-week range, and the RSI is neutral.
Long Term Outlook
The long-term outlook for Phoenix Motor is uncertain. The company is still unprofitable, and it has a weak balance sheet. However, the company's revenue is growing, and it is a leader in the electric vehicle market.
Analyst Recommendations
There are no analyst recommendations available for Phoenix Motor Inc.
