Phoenix Motor Inc ( (PEVM) ) has released a notification of late filing.
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Phoenix Motor Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the inability to complete financial statements in time for necessary reviews and obtaining signatures before the deadline. The company anticipates filing the report within five calendar days following the prescribed due date. Phoenix Motor Inc. has indicated that there will be no significant changes in financial results compared to the previous fiscal year. The company remains committed to compliance, as evidenced by the signature of Michael Yung, the Chief Financial Officer, on the notification.
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
Average Trading Volume: 3,179,379
Technical Sentiment Signal: Sell
Current Market Cap: $8.28M
For an in-depth examination of PEVM stock, go to TipRanks’ Stock Analysis page.