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Phoenix Motor Inc ( (PEVM) ) has shared an announcement.
On July 29, 2025, Phoenix Motor Inc. filed an amendment to its Certificate of Incorporation to implement a 1-for-5 reverse stock split of its common stock, effective July 31, 2025. This move, approved by the board on April 23, 2025, aims to maintain the company’s Nasdaq listing. Post-split, the company’s shares will trade on the OTC Pink Limited Market starting August 1, 2025, with the stockholders’ ownership percentages and voting power remaining largely unchanged.
Spark’s Take on PEVM Stock
According to Spark, TipRanks’ AI Analyst, PEVM is a Underperform.
Phoenix Motor Inc. is facing substantial financial challenges with negative equity and declining revenues. Technical indicators and valuation metrics offer no compelling upside. The lack of new earnings guidance adds to the uncertainty, resulting in a low overall score.
To see Spark’s full report on PEVM stock, click here.
More about Phoenix Motor Inc
Phoenix Motor Inc. operates in the automotive industry, focusing on the production and sale of electric vehicles. The company aims to maintain its market position and ensure compliance with stock exchange listing requirements.
Average Trading Volume: 103,261
Technical Sentiment Signal: Sell
Current Market Cap: $7.49M
See more data about PEVM stock on TipRanks’ Stock Analysis page.