Phunware Inc [NASDAQ: PHUN] traded at a high on Monday, posting a 75.28 gain after which it closed the day’ session at $12.41. The company report on March 4, 2024 at 8:30 AM that Phunware Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 4:30 PM ET.
Phunware management will host the conference call, followed by a question and answer period.
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The results of the trading session contributed to over 68708207 shares changing hands. Over the past one week, the price volatility of Phunware Inc stands at 37.24% while the volatility over the past one month is 19.81%.
The market cap for PHUN stock reached $2.40 billion, with 193.03 million shares outstanding and 188.76 million shares in the current float. Compared to the average trading volume of 2.51M shares, PHUN reached a trading volume of 68708207 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Phunware Inc [PHUN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PHUN shares is $43.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PHUN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for Phunware Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2021. While these analysts kept the previous recommendation, Ascendiant Capital Markets raised their target price to Buy. The new note on the price target was released on June 16, 2020, representing the official price target for Phunware Inc stock.
The Average True Range (ATR) for Phunware Inc is set at 2.88, with the Price to Sales ratio for PHUN stock in the period of the last 12 months amounting to 151.61. The Price to Book ratio for the last quarter was 243.38, with the Price to Cash per share for the same quarter was set at 0.02.
How has PHUN stock performed recently?
Phunware Inc [PHUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.02. With this latest performance, PHUN shares dropped by -28.08% in over the last four-week period, additionally sinking by -11.20% over the last 6 months – not to mention a drop of -73.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PHUN stock in for the last two-week period is set at 51.14, with the RSI for the last a single of trading hit 53.84, and the three-weeks RSI is set at 51.11 for Phunware Inc [PHUN]. The present Moving Average for the last 50 days of trading for this stock 11.08, while it was recorded at 8.61 for the last single week of trading, and 14.53 for the last 200 days.
Phunware Inc [PHUN]: Deeper insight into the fundamentals
Phunware Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.25 and a Current Ratio set at 0.30.
Earnings analysis for Phunware Inc [PHUN]
With the latest financial reports released by the company, Phunware Inc posted -4.5/share EPS, while the average EPS was predicted by analysts to be reported at -4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PHUN.
Insider trade positions for Phunware Inc [PHUN]
The top three institutional holders of PHUN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PHUN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PHUN stock with ownership which is approximately 5.8325%.
