Phoenix Motor Inc Faces Nasdaq Delisting Decision

The latest update is out from Phoenix Motor Inc ( (PEVM) ).

Phoenix Motor Inc. announced that on June 9, 2025, it received a determination letter from Nasdaq indicating the denial of its request to continue its listing on the Nasdaq Stock Market. The company’s common stock, which was suspended from trading on Nasdaq since April 15, 2025, is now quoted on the OTC Pink Market under the symbol ‘PEVM.’ The delisting follows the company’s non-compliance with several Nasdaq Listing Rules, including periodic filing, bid price, and shareholder meeting requirements. As a result, the company anticipates a limited market for its shares, potentially making it difficult for stockholders to sell their shares and adversely affecting the trading price of its securities.

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: 824,364

Technical Sentiment Signal: Sell

Current Market Cap: $9.31M

For a thorough assessment of PEVM stock, go to TipRanks’ Stock Analysis page.