Why Pheton Holdings Ltd. (PTHL) Soared Last Week?

We recently published a list of These 10 Stocks Posted Double-, Triple-Digit Gains Last Week. In this article, we are going to take a look at where Pheton Holdings Ltd. (NASDAQ:PTHL) stands against other stocks that posted double-, triple-digit gains last week.

Micro- and small-cap companies dominated gains on the stock market last week, bucking an overall market pessimism, thanks to a flurry of company developments that bolstered investing appetite, including acquisition and stellar earnings performance.

In this article, we listed the names of last week’s top performers and detailed the reasons behind their gains based on their share prices last Friday, March 14, and their closing prices on March 7, or the Friday prior.

We classify micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $1 billion.

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Pheton Holdings Ltd. (NASDAQ:PTHL)

Pheton Holdings surged by 81.7 percent week-on-week to close at $4.18 apiece as investors appeared to have resorted to bargain-hunting to take advantage of its cheap valuations.

At the start of the month, PTHL fell to its lowest close of $1.9, a 237-percent dive from its highest close of $6.44 on October 2, 2024.

However, March 7’s valuation marked a 120-percent increase from its $1.9 close on March 3, the first trading day of the month.

PTHL is a holding company based in China. Through its subsidiaries, it specializes in providing healthcare solutions dedicated to the development and commercialization of treatment software used for brachytherapy, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and tumors.

Overall, PTHL ranks 7th on our list of stocks that posted double-, triple-digit gains last week. While we acknowledge the potential of PTHL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PTHL but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.