Phoenix Motor (PEVMD) AI Stock Analysis

• Market Cap: $9.72M
• Dividend Yield: N/A
• Average Volume (3M): 9.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 30
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 1,338,235
• 10 Day Avg. Volume: 10,690
• 30 Day Avg. Volume: 9,146
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: ―
• Action: N/A Date: 01/09/25
• Date: Action: N/A 01/09/25

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.

Positive Factors

Market Demand

Phoenix Motor Inc.'s focus on commercial electric vehicles positions it well to benefit from the increasing demand for sustainable transportation, providing a durable growth opportunity in a transitioning market.

Product Focus

The company's commitment to innovation in electric vehicles supports its long-term competitiveness and ability to meet evolving market needs, potentially leading to sustained product differentiation.

Cash Flow Improvement

While still negative, the improvement in free cash flow suggests Phoenix Motor Inc. is making progress in managing its cash resources, which is crucial for long-term operational stability.

Negative Factors

Negative Equity

Negative equity indicates that Phoenix Motor Inc.'s liabilities exceed its assets, posing a significant risk to financial stability and limiting its ability to raise capital.

Revenue Decline

A significant decline in revenue highlights challenges in market penetration and sales effectiveness, which could hinder long-term growth prospects if not addressed.

Profitability Issues

Persistent profitability issues, with negative margins, suggest operational inefficiencies that could undermine Phoenix Motor Inc.'s ability to achieve sustainable financial performance.

Phoenix Motor Business Overview & Revenue Model

Company Description

Phoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks. It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations. The company also markets and sells electric vehicle chargers for the commercial and residential markets; and operates a sales and leasing dealership in the United States. In addition, it sells various L2 and DC fast-charging solutions to its fleet customers at the point of sale for fleet vehicles. The company was founded in 2003 and is headquartered in Anaheim, California. Phoenix Motor Inc. operates as a subsidiary of Edisonfuture Inc.

How the Company Makes Money

Phoenix Motor Inc. generates revenue primarily through the sale of its electric vehicles. The company's key revenue streams include direct sales to fleet operators and commercial enterprises looking to integrate electric vehicles into their operations. Additionally, Phoenix Motor Inc. may engage in strategic partnerships with other companies to expand its market reach or enhance its product offerings. Revenue is also supported by any ancillary services or products related to electric vehicle maintenance, charging infrastructure, or technology licensing. The company's focus on the commercial sector allows it to tap into the growing demand for sustainable transportation solutions, thereby contributing to its earnings.

Phoenix Motor Financial Statement Overview

Summary

Phoenix Motor Inc. is experiencing significant financial instability, with declining revenues, substantial losses, and a negative equity position, indicating a high-risk financial profile.

Income Statement

Phoenix Motor Inc. shows significant challenges on its income statement. The company has faced declining revenues from $4.33 million in 2022 to $3.12 million in 2023, indicating a revenue growth rate of -27.9%. Additionally, profitability metrics are concerning, with a gross profit margin of -8.84% and a net profit margin of -661.25% for 2023, highlighting substantial losses. The company also reports negative EBIT and EBITDA margins, further indicating operational inefficiencies.

Balance Sheet

The balance sheet of Phoenix Motor Inc. reveals financial instability. The company has negative stockholders' equity of -$4.84 million as of 2023, leading to a negative debt-to-equity ratio. The equity ratio has dropped to -41.56%, indicating that liabilities exceed assets, which is a significant risk factor. These metrics show a weakened financial position with high leverage and potential solvency issues.

Cash Flow

Cash flow analysis reveals persistent challenges. The company has negative free cash flow of -$3.74 million in 2023, though it shows a smaller deficit compared to 2022's -$16.15 million, indicating some improvement in free cash flow growth. However, the operating cash flow to net income ratio is negative, reflecting ongoing operational cash flow deficiencies. The reliance on financing activities to cover cash shortfalls adds risk to the cash flow stability.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Phoenix Motor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEVMD, the sentiment is Positive. The current price of 7.26 is above the 20-day moving average (MA) of 4.98, above the 50-day MA of 4.56, and above the 200-day MA of 6.84, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 67.04 is Neutral, neither overbought nor oversold. The STOCH value of 93.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PEVMD.

Phoenix Motor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
EVTV	47 Neutral	$7.73M	-0.14	-267.76%	―	113.69%	-84.50%
WKHS	42 Neutral	$7.31M	-0.02	-162.44%	―	16.74%	81.14%
CENN	40 Neutral	$10.29M	-0.10	-30.79%	―	-56.89%	12.17%
PEVMD	38 Underperform	$9.72M	-0.44	-144.52%	―	―	―
ECDA	37 Underperform	$18.56K	―	―	―	-43.17%	-36.68%

Phoenix Motor Corporate Events

Phoenix Motor Shareholders Approve Reverse Split, Governance Changes

On December 23, 2025, Phoenix Motor Inc. held its 2025 Annual Meeting of Stockholders, with approximately 82% of eligible shares represented, where shareholders elected five directors to one-year terms and ratified Summit Group CPAs as the company’s independent auditor for the 2025 fiscal year. Investors also approved a discretionary reverse stock split of up to 1-for-10 and a corresponding charter amendment to help the company meet Nasdaq’s minimum bid price and other listing standards, and ratified a bylaw change lowering the quorum requirement for future shareholder meetings to one-third of eligible shares, moves that collectively aim to preserve the company’s exchange listing and ease corporate governance processes.

Phoenix Motor Reduces Quorum Requirement for Meetings

On November 13, 2025, Phoenix Motor Inc.’s Board of Directors approved a change to the company’s Bylaws, reducing the quorum requirement for stockholder meetings from a majority to one-third of the shares entitled to vote. This amendment, effective immediately upon adoption, allows meetings to proceed with fewer shareholders present, potentially increasing operational flexibility. The amendment will be submitted for ratification at the 2025 Annual Meeting of Stockholders, but the Board retains the authority to maintain it under Delaware law even if not ratified.