Phunware Inc [NASDAQ: PHUN] gained 14.68% or 0.69 points to close at $5.39 with a heavy trading volume of 43537449 shares.
The daily chart for PHUN points out that the company has recorded -15.52% loss over the past six months.
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If we look at the average trading volume of 673.76K shares, PHUN reached to a volume of 43537449 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $13.00 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 0.52, with the Price to Sales ratio for PHUN stock in the period of the last 12 months amounting to 3.87. The Price to Book ratio for the last quarter was 3.29, with the Price to Cash per share for the same quarter was set at 1.80.
Trading performance analysis for PHUN stock
Phunware Inc [PHUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.47. With this latest performance, PHUN shares gained by 58.06% in over the last four-week period, additionally sinking by -15.52% over the last 6 months – not to mention a drop of -37.00% 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 79.16, with the RSI for the last a single of trading hit 86.08, and the three-weeks RSI is set at 72.01 for Phunware Inc [PHUN]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 4.39 for the last single week of trading, and 7.15 for the last 200 days.
Phunware Inc [PHUN]: A deeper dive into fundamental analysis
Phunware Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.82 and a Current Ratio set at 2.82.
An analysis of Institutional ownership at Phunware Inc [PHUN]
There are presently around $7.59%, or 8.02%% of PHUN stock, in the hands of institutional investors.
