Analysis Of The Weekly Performance Of Phunware Inc. (PHUN)

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Phunware Inc. (NASDAQ:PHUN) finished Wednesday with a subtraction of -$0.33 to close at $1.29, a downside of -20.37 percent. An average of 3,450,640 shares of common stock have been traded in the last five days. There was a fall of -$0.5600 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 2,414,015 shares traded, while the 50-day average volume stands at 2,530,388.

PHUN stock has decreased by -6.52% in the last month. The company shares reached their 1-month lowest point of $1.2400 on 09/06/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $0.85 and a high of $24.04 in 52 weeks. It has reached a new high 8 times so far this year and lost -50.95% or -$1.3400 in price. In spite of this, the price is down -94.63% from the 52-week high.


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Insider Transactions

7 days have passed since Phunware Inc. (PHUN) last reported insider trading activity. Costello Ryan, who is Director, most recently acquired $20,000 shares at $1.95 per share on Sep 15. In this transaction, the insider spent $38,912. Director, Manlunas Eric, disposed of 55,983 shares at a price of $4.10 on Nov 15. The insider now owns more than $229,530 worth of shares.

Valuation Metrics

Phunware Inc. (PHUN) has a trailing price-to-sales (P/S) ratio at 6.20, the price-to-book (PB) ratio at 3.49.

Financial Health

The quick ratio of Phunware Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.06 for the quarter ending June 29. Its gross profit as reported stood at $3.61 million compared to revenue of $10.64 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Phunware Inc.’s return on assets was -92.60%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$17.07 million in the quarter, while revenues of -$14.92 million were grew 51.44%. The analyst consensus anticipated Phunware Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.17, a -240.00% surprise. For the quarter, EBITDA amounted to -$7.43 million. Shareholders own equity worth $98.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Phunware Inc. (PHUN) price momentum. RSI 9-day as of the close on 21 September was 35.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 169.82%.

As of today, PHUN’s price is $1.6620 -30.27% or -$0.5600 from its 5-day moving average. PHUN is currently trading -5.84% lower than its 20-day SMA and -37.98% lower than its 100-day SMA. However, the stock’s current price level is -7.19% below the SMA50 and -57.43% below the SMA200.

The stochastic %K and %D were 45.83% and 64.81%, respectively, and the average true range (ATR) was 0.1831. With the 14-day stochastic at 6.94% and the average true range at 0.1628, the RSI (14) stands at 40.29%. The stock has reached -0.0522 on the 9-day MACD Oscillator while the 14-day reading was at 0.0471.

Analyst Ratings

ROTH Capital launched coverage on Phunware Inc. (NASDAQ: PHUN) in its analyst report released on May 11, 2021. The firm assigned the stock a Buy rating. The consensus rating for Phunware Inc. (PHUN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PHUN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.00 and $5.75, with a median target of $3.38. Taking a look at these predictions, the average price target given by analysts for Phunware Inc. (PHUN) stock is $3.88.

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