Paranovus Entertainment (PAVS) Stock Rockets in Pre‑Market on CEO Report After 18,037% Revenue Surge

NEW YORK – December 9, 2025 – Paranovus Entertainment Technology Ltd. (NASDAQ: PAVS) is back on day‑trader radar after another bout of extreme volatility.

According to Benzinga, Paranovus shares jumped as much as 54.8% to $1.02 in pre‑market trading on Tuesday after a report that the company had named Rich Wheeless as CEO. ^[1] That move comes just four days after Paranovus published interim results showing ~18,037% year‑over‑year revenue growth and a swing to a small profit for the six months ended September 30, 2025. ^[2]

By contrast, most data providers still show Monday’s regular‑session close at $0.0489, up 33.6% on the day but down more than 90% over the past two weeks. ^[3] That combination – tiny share price, huge intraday swings and a complex corporate story – is exactly why PAVS has become a high‑beta playground for speculators rather than a sleepy AI entertainment stock.

Below is a structured look at what changed on and around December 9, 2025, and how current forecasts and analyses frame the risk–reward profile for Paranovus Entertainment stock.

PAVS stock price action: from 55% pre‑market spike to penny‑stock whiplash

Previous close (Monday, Dec. 8):
Paranovus closed at $0.0489, up 33.6% from $0.0366 on very heavy volume, with the intraday range stretching from $0.0402 to $0.0658. ^[4]
Trend over the last two weeks:
Despite Monday’s bounce, technical site StockInvest.us calculates a two‑week loss of about 91.7%, flagging PAVS as a “sell candidate” since December 1 in the context of a “very wide and falling trend.” ^[5]
Pre‑market on Tuesday, December 9:
Benzinga reports that pre‑market buyers pushed PAVS as high as $1.02, a gain of roughly 55% versus Monday’s close, after the outlet said the company had appointed Rich Wheeless as CEO. ^[6]
Separately, Investing.com still shows pre‑market quotes drifting back toward $0.05 around 07:21 ET, suggesting that much of the early spike may have been quickly unwound. ^[7]
12‑month performance backdrop:
Fundamental research platform Simply Wall St notes that PAVS shares have fallen about 94% over the last month and 96% over the last twelve months, even before Tuesday’s pre‑market volatility. ^[8]

In short, Paranovus currently trades like a very illiquid micro‑cap: thin order books, violent spikes, and rapid reversals, where news headlines and order‑flow dynamics can overwhelm fundamentals on any given day.

The CEO story: what’s actually been reported?

The big incremental headline on December 9 is Benzinga’s note that:

“Paranovus Entertainment Technology Ltd (NASDAQ:PAVS) gained 54.8% to $1.02 in pre‑market trading as the company named Rich Wheeless as CEO.” ^[9]

A few important nuances for investors:

Source and confirmation
So far, this CEO change appears only in trading‑desk style news (Benzinga’s pre‑market movers piece and syndicated non‑English versions). ^[10]
As of publication time, no dedicated press release about a CEO change is visible on:
- Paranovus’s own investor‑relations news page, which still highlights earlier Nasdaq notifications and compliance updates. ^[11]
- The company’s most recent PR on December 5, in which Xiaoyue Zhang is still described as CEO. ^[12]
Name collision with another micro‑cap
Rich Wheeless is also prominently referenced in Netcapital Inc. (NCPL) news – he was named CEO there on December 8, with several outlets covering that appointment and linking it to blockchain‑focused strategy. ^[13] This overlap increases the risk of headline confusion between PAVS and NCPL in algorithmic and human reporting.

Takeaway: The market clearly traded on Benzinga’s CEO headline, but formal confirmation from Paranovus – via PRNewswire, SEC filings or the company website – has not yet appeared in the public sources we can see. Until there is a Form 6‑K or press release, prudent investors should treat the CEO report as unconfirmed third‑party news rather than a fully documented governance change.

Fundamentals: 18,037% interim revenue growth, but profits are razor‑thin

On December 5, 2025, Paranovus released interim results for the six months ended September 30, 2025. The numbers look spectacular at first glance: ^[14]

Revenue:
- $12.41 million vs $68,454 in the prior‑year period – about 18,037% year‑over‑year growth.
Net profit attributable to the company:
- $97,708 vs a net loss of $412,181 a year earlier.
Gross profit:
- Up to $2.48 million from just $9,276 in 2024.

Management attributes the huge step‑up in revenue to:

Strong performance from U.S. subsidiaries Bomie Wookoo Inc., Wookoo LLC and Bomie US LLC in e‑commerce product sales.
TikTok‑related e‑commerce solution services, including digital branding, consulting and advertising production. ^[15]

At the same time, Paranovus has exited its old lines of business, including:

Legacy e‑commerce and internet advertising operations in China (suspended in 2023).
Its automobile sales business (divested in July 2024). ^[16]

The net result is a company that looks radically different from its pre‑2023 “Happiness Biotech” origins. The latest PR calls this a “strategic transformation and acquisition‑led growth strategy” and emphasizes a “fast transitional growth cycle” around its U.S. operations and TikTok ecosystem. ^[17]

However, investors should keep two caveats in mind:

Profitability is still wafer‑thin:
$97,708 in net profit on $12.41 million of revenue leaves very little room for error. Any revenue slowdown or margin compression could send the company back into loss‑making territory quickly.
Medium‑term revenue history is messy:
Simply Wall St notes that, despite the recent explosion in sales, Paranovus’s reported revenue over the last three years is down ~79% in aggregate, reflecting the divestment of legacy businesses and prior volatility. ^[18]

So the growth story is real on a short‑term, transformed‑business basis, but the longer‑term track record remains patchy.

Capital structure: shelves, ATMs and dilution risk

Paranovus has leaned heavily on equity markets to fund its pivot into AI‑powered entertainment and e‑commerce.

Key recent moves include:

Massive 2024 equity raise
In July–August 2024, the company sold 60 million Class A ordinary shares at $0.45 per share to non‑U.S. investors, raising roughly $27 million gross (about $26.9 million net). ^[19]
- About $1.3 million was earmarked for developing SimTwin (a planned digital‑twin platform) and the “10,000 Lives” game.
- The remaining $25.6 million was reserved for potential acquisitions in AI logistics, AI e‑commerce services, AI advertising and gas‑fired power generation, plus general corporate purposes. ^[20]
$200 million shelf registration
On November 25, 2025, Paranovus filed a new Form F‑3 shelf registration covering up to $200 million of mixed securities (ordinary shares, preferred shares and other instruments). ^[21]
This gives the company broad flexibility to raise additional capital over time.
$100 million at‑the‑market (ATM) program
On October 28, 2025, Paranovus launched an “at‑the‑market” offering of up to $100 million in Class A shares, using A.G.P./Alliance Global Partners as sales agent. A.G.P. earns a 3.5% commission on any gross proceeds. ^[22]

StockTitan’s Argus scanner notes that, at the time of the interim results release, PAVS traded around $0.0489 with a market cap near $4 million, far below the theoretical capacity of its shelf and ATM programs. ^[23]

Implication:

The company has ample legal room to issue new shares, but its current share price is so low that meaningful capital raises at market prices would be highly dilutive to existing shareholders.
If the stock price spikes on speculative news, management might be incentivized to use the ATM to strengthen the balance sheet, which could cap sustained rallies.

Nasdaq listing pressure and governance signals

Paranovus has spent much of the last two years bouncing in and out of Nasdaq compliance.

Key milestones:

Dec. 31, 2024 – Regained compliance
Paranovus announced it had regained compliance with Nasdaq’s $1.00 minimum bid price rule after keeping its closing bid at or above $1.00 for ten consecutive trading days in December 2024. ^[24]
April & July 2025 – Filing and bid‑price issues
- In April 2025, Nasdaq sent a letter about late filing of a Form 6‑K, which was resolved when Paranovus brought its reporting current. ^[25]
- On July 11, 2025, the company received another notice: PAVS had traded below $1.00 for 30 consecutive business days, triggering a new minimum‑bid‑price deficiency. The company has until January 7, 2026 to regain compliance by getting the share price back above $1.00 for at least ten consecutive trading days. ^[26]
Extraordinary General Meeting of Class B shareholders
In November 2025, Paranovus filed a Form 6‑K calling an extraordinary general meeting (EGM) of its Class B shareholders, attaching a notice and proxy card. ^[27]
The agenda details are somewhat buried in the filings, but any changes to voting structure, reverse splits or capital authorizations would likely flow through Class B and Board approvals.

Why this matters for PAVS stock:

The looming January 7, 2026 deadline means investors should expect discussion of potential reverse stock splits or other corporate actions if the share price does not meaningfully recover.
Governance moves around Class B shares – which carry outsized voting power – could influence control dynamics and strategic direction, including who ultimately sits in the CEO seat.

What current forecasts and models are saying about PAVS

There is no clear Wall Street consensus price target on Paranovus, but a mix of human and algorithmic analyses are circling the name.

1. Technical and short‑term models

StockInvest.us – “Sell candidate” in a falling trend

Notes a 33.6% gain on Dec. 8 but classifies PAVS as a sell candidate since Dec. 1, with a projected 39.9% decline over the next three months under its model.
Its 90% confidence interval for the 3‑month horizon is extremely wide, with prices between roughly $0.0064 and $0.594, reflecting the stock’s dramatic volatility. ^[28]

Tradestie – AI‑driven “evaluate position” stance

Last updated December 8, Tradestie’s AI engine shows:
- Current reference price around $0.06.
- Short‑term targets clustered in a narrow band – about $0.06 over 30–180 days, and $0.07 over one year, implying modest upside from the reference price.
- A downtrend on technicals, with bearish MACD and negative money flow (CMF ≈ −0.19) suggesting distribution. ^[29]

Overall, near‑term technical models are cautious to negative, seeing PAVS as a high‑risk, downward‑trending stock with only small expected upside unless momentum changes.

2. Aggressive long‑term AI forecasts

StockScan – wildly optimistic long‑term scenarios with “Strong Sell” technicals

StockScan combines technical indicators with long‑dated statistical projections:

On current signals, it labels PAVS a “Strong Sell”, with 3 buy vs 11 sell signals across oscillators and moving averages. ^[30]
At the same time, its long‑term model imagines extraordinary upside if things go right:
- Average 2026 target: about $4.83, with a range from $1.45 to $8.21 – a theoretical gain of around 9,800% from $0.0489. ^[31]
- Multi‑decade projections talk about double‑digit and even higher prices in the 2030–2050 window, implying five‑figure percentage gains.

StockScan itself flags these as model‑driven scenarios, not recommendations, and the combination of “Strong Sell” technicals with extreme long‑term targets is a reminder that AI price paths can be numerically dramatic but economically very fragile.

3. Fundamental valuation lenses

Simply Wall St – very low P/S, but weak medium‑term revenue trend

Simply Wall St’s December 7 article makes a few key points: ^[32]

After a brutal drawdown, PAVS trades on a price‑to‑sales (P/S) ratio of about 0.2x, far below many peers in its chosen industry classification.
However, looking back over three years, reported revenue has fallen about 79% in aggregate, even though the most recent 12 months show “rampant” growth.
The authors conclude that the low P/S looks justified, as the market may be discounting the durability of the new revenue base and expecting underperformance versus the broader industry.

DCF‑style “fair value” around $0.82 per share (mid‑2025)

An earlier fundamental piece, cited via Intrinio’s data feed, used a two‑stage discounted cash‑flow model and arrived at an estimated “fair value” of roughly $0.82 per share for PAVS as of mid‑2025. ^[33]

Relative to today’s sub‑$0.10 trading levels, that would imply material theoretical upside, but:

The valuation predates the latest share‑issuance capacity (shelf + ATM) and the blow‑out interim numbers.
DCF models are highly sensitive to assumptions about margins, growth, discount rates and dilution — all of which are unusually uncertain here.

Analyst ratings: mixed, but no clear target

TipRanks shows no active 12‑month price target for PAVS; the site records a mix of Buy, Hold and Sell ratings over time, but nothing resembling a consensus forecast. ^[34]

Taken together, the available analyses paint PAVS as:

Technically weak and extremely speculative in the short term.
Fundamentally difficult to value, with some models seeing deep value (low P/S and DCF upside) and others warning that the revenue base and capital structure are too unstable to justify aggressive multiples.

Key risks and catalysts investors should watch

For anyone following Paranovus Entertainment stock around December 9, 2025, the main risk–reward drivers look something like this:

Upside‑leaning catalysts

Confirmation (or not) of the CEO change
A formal announcement and 6‑K filing about Rich Wheeless – or any other leadership reshuffle – could clarify the governance story and either reinforce or refute the pre‑market CEO headlines. ^[35]
Execution on U.S. e‑commerce and TikTok services
The interim results show that this segment can scale revenue rapidly; sustained growth with improving margins would support the bull case that PAVS is moving past its legacy businesses. ^[36]
Progress on AI entertainment assets (SimTwin, “10,000 Lives”)
Delivery of the planned digital‑twin platform and game portfolio – and evidence that they can monetize users – could justify higher multiples over time. ^[37]

Downside‑leaning risks

Nasdaq delisting risk if the price stays below $1.00
The January 7, 2026 deadline looms large. Failure to regain compliance could lead to delisting or forced corporate actions such as a reverse split, which often coincides with further volatility. ^[38]
Dilution from the ATM and shelf
With up to $100 million of ATM capacity and $200 million across the broader shelf, any sustained rally could be met with new share issuance, diluting existing holders and pressuring the price. ^[39]
Micro‑cap liquidity and price manipulation concerns
Daily moves of 50–100% in either direction, as PAVS has recently experienced, make it a natural magnet for short‑term speculation, algorithmic trading and potential pump‑and‑dump style behavior, even if the company itself is not involved.

Bottom line: what December 9 tells us about Paranovus stock

The December 9 pre‑market spike on CEO headlines – layered on top of an 18,037% interim revenue surge, a sub‑$0.10 share price and a crowded capital‑raising apparatus – underscores how unusual PAVS is as an investment proposition right now.

For long‑term, fundamentals‑first investors, Paranovus is a complex turnaround: a former nutraceutical and auto‑sales group that has reinvented itself as a U.S.‑centric AI entertainment and e‑commerce platform, but one that still relies on thin profits, aggressive financing options and a volatile listing history. ^[40]
For short‑term traders, it’s a high‑octane penny stock where headlines and order flow can matter more than discounted cash flows – especially when news about leadership or compliance hits the tape.

Any position in PAVS at this stage is, by definition, high‑risk and highly speculative. The stock could benefit dramatically if the company executes on its strategy and normalizes its Nasdaq status, but it could also continue to grind lower – or even face delisting or major dilution – if those catalysts fail to materialize.