Weekly Performance Analysis for Phunware Inc. (PHUN)

Phunware Inc. (NASDAQ:PHUN) saw an upside of 0.83% to close Monday at $0.91 after adding $0.01 on the day. The 5-day average trading volume is 1,075,340 shares of the company’s common stock. It has gained $0.9399 in the past week. An average of 740,580 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,578,408.

PHUN’s 1-month performance is -12.51% or -$0.1301 on its low of $0.8500 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.60 and high of $3.34, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, PHUN has lost -27.79% or -$0.3501. However, the current price is down -72.74%% from the 52-week high price.


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Insider Transactions

On Sep 15, 27 days have gone by since the last insider trading activity for Phunware Inc. (PHUN). Syllantavos George (Director) most recently sold 20,000 shares at $1.00 per share on Sep 15. This transaction cost the insider $19,980. Director, Syllantavos George, sold 20,000 shares at a price of $1.15 on Sep 03. Then, on Jun 03, Director Syllantavos George sold 27,032 shares at a price of $1.45 per share. This transaction amounted to $39,196.

Valuation Metrics

Phunware Inc. (PHUN) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 36.91 for the sector.PHUN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.14 while the price-to-book (PB) in the most recent quarter is 6.07.

Phunware Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.40 meaning that PHUN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 59.70%. The firm’s gross profit as reported stood at $6.64 million against revenue of $10.0 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -53.47% to $1.44 million, while revenue of $1.65 million was -14.58% off the previous quarter. Analysts expected PHUN to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.12, representing a -71.40% surprise. EBITDA for the quarter stood at more than -$3.21 million. PHUN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 23.73 million, with total debt at $5.86 million. Shareholders hold equity totaling $74.87 million

Technical Picture

Let’s look briefly at Phunware Inc. (PHUN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 39.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.98%.

The stock’s 5-day moving average is $0.8933, reflecting a +3.28% or $0.0289 change from its current price. PHUN is currently trading -12.51% above its 20-day SMA, -28.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.28% and -9.01% respectively.

Stochastic %K and %D was 27.24% and 21.51% and the average true range (ATR) pointed at 0.0480. The RSI (14) points at 40.05%, while the 14-day stochastic is at 33.28% with the period’s ATR at 0.0521. The stock’s 9-day MACD Oscillator is pointing at -0.0058 and -0.0351 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Phunware Inc. (NASDAQ: PHUN), ROTH Capital launched coverage with a Buy rating. Analysts offering their rating for PHUN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PHUN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is PHUN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.65 and a high of $4.50, with their median price target at $1.88. Looking at these predictions, the average price target given by analysts is for Phunware Inc. (PHUN) stock is $2.48.

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