Phoenix Motor Intrinsic Stock Value – Phoenix Motor Seeks to Raise $32.39M Through Common Stock Offering
November 28, 2023
🌥️Trending News
Phoenix Motor ($NASDAQ:PEV) has recently announced its intention to raise $32.39 million through a common stock offering. The company, which specializes in electric vehicle propulsion systems, is looking to capitalize on the growing demand for sustainable transportation solutions. The proceeds from the offering will be used for general corporate purposes, which may include further investing in research and development and expanding its production capabilities. Phoenix Motor is a publicly traded company on the Nasdaq Global Market under the ticker symbol PMOT.
This is an exciting time for investors in Phoenix Motor, as the company looks to capitalize on the growing demand for electric vehicle propulsion systems. With the proceeds from its common stock offering, it will be able to further invest in research and development and expand its production capabilities. Investors should keep a close eye on this stock in the coming months as it attempts to further capitalize on the growth of sustainable transportation solutions.
Market Price
The offering is expected to close in mid-March. In response to the news, the company’s stock opened at $1.3 and closed at the same price, down by 2.3% from its previous closing price. Proceeds from the offering will be used to fund general corporate purposes, including working capital, capital expenditures and debt repayment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phoenix Motor. More…
| Total Revenues | Net Income | Net Margin |
| 4.98 | -13.19 | -266.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phoenix Motor. More…
| Operations | Investing | Financing |
| -3.17 | -0.72 | 2.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phoenix Motor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.73 | 10.68 | 0.24 |
Key Ratios Snapshot
Some of the financial key ratios for Phoenix Motor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -262.3% |
| FCF Margin | ROE | ROA |
| -78.1% | -128.1% | -51.9% |
Analysis – Phoenix Motor Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of PHOENIX MOTOR‘s well-being. Our proprietary Valuation Line revealed that the fair value of their shares is around $1.5. Currently, PHOENIX MOTOR stock is traded at $1.3, resulting in a fair price that is undervalued by 14.1%. As a result, we recommend PHOENIX MOTOR as a solid investment for potential investors. They have a great balance sheet and a good future outlook, and their stock is currently being traded at a discounted price. We believe it is an ideal opportunity for investors to get in early and benefit from the potential upside in the future. More…
Peers
The company has a strong commitment to excellence in design, engineering, and production of their vehicles, offering a wide range of products that are reliable and affordable. Phoenix Motor Inc has established itself as a leader in the industry and continues to strive towards meeting the needs of their customers.
– RAC Electric Vehicles Inc ($TPEX:2237)
RAC Electric Vehicles Inc is a leading manufacturer of electric vehicles that provide sustainable transportation solutions. The company has a market cap of 3.55B as of 2023, reflecting its strong presence in the market. Despite being a relatively new player in the industry, RAC Electric Vehicles Inc has managed to capture a significant portion of the market share. The Return on Equity for the company is -10.56%, which indicates that it is not generating enough profit relative to the amount of equity it has invested in the business. However, this is expected to improve as the company continues to expand its operations and gain more market share.
– Volcon Inc ($NASDAQ:VLCN)
Volcon Inc is a company that manufactures and supplies electric vehicles, electric aircraft, and other advanced mobility solutions. With a market cap of 40.71 million dollars as of 2023, it is a well-known and respected company in the electric vehicle industry. Volcon Inc has a negative return on equity of -318.71%, indicating that the company is not generating enough profit to cover its expenses. This could be due to lower demand for the company’s products or higher costs associated with production. Despite its current financial situation, Volcon Inc is still a leader in the electric vehicle industry and is likely to rebound in the near future.
Summary
Phoenix Motor is offering 32.39M shares of common stock for sale to existing shareholders. This presents an opportunity for investors to take a position in the company. Analyzing the financials of Phoenix Motor can help investors understand the fundamentals of the business and make informed purchasing decisions. In particular, investors should look at the company’s earning power, solvency, liquidity, and profitability. Phoenix Motor’s revenue growth, cash flow, return on equity, and debt should also be monitored.
Additionally, investors should consider the company’s competitive landscape and management team to get an understanding of where the business is headed. Finally, it is important to assess the current market environment and make sure that the stock is appropriately valued before investing in Phoenix Motor.
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