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Wednesday, February 8, 2023

Phoenix Motor Inc. (NASDAQ: PEV): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Phoenix Motor Inc. (PEV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -3.70%, to $1.30. The Phoenix Motor Inc. has recorded 819 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Phoenix Motorcars & CATL Form Long-Term Partnership.

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Stocks Info

PEV belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Auto Manufacturers industry. At the end of the last regular session, the stock closed at $1.35 and fluctuated between $1.5399 as its day high and $1.2800 as its day low. The current market capitalization of Phoenix Motor Inc. is $29.30M. A total of 0.3 million shares were traded on the day, compared to an average of 35.33K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PEV has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 4,000 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 0 SELLs from insiders. Insiders purchased 479,000 shares during that period but sold 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PEV has a high of $8.50 and a low of $0.90.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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