Phunware Inc. (NASDAQ:PHUN) saw a downside of -3.48% to $0.31 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 825,040 shares of the company’s common stock. It has gained $0.3398 in the past week and touched a new high 1 time within the past 5 days. An average of 1,652,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,879,272.
PHUN’s 1-month performance is -14.99% or -$0.0651 on its low of $0.3132 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.32 and high of $1.96, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, PHUN has lost -59.43% or -$0.4584 and has reached a new high 7 times. However, the current price is down -83.99% from the 52-week high price.
Insider Transactions
PHUN stock investors last saw insider trading activity on Dec 14.Costello Ryan (Director) most recently sold 20,000 shares at $0.92 per share on Dec 14. This transaction cost the insider $18,404. Chief Executive Officer, KNITOWSKI ALAN S, sold 259,722 shares at a price of $0.92 on Dec 09. Then, on Dec 08, Chief Executive Officer KNITOWSKI ALAN S sold 115,170 shares at a price of $0.96 per share. This transaction amounted to $110,621.
Valuation Metrics
PHUN stock has a beta of 10.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.09 while the price-to-book (PB) in the most recent quarter is 1.49.
Phunware Inc.’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 0.40. In terms of profitability, the gross margin trailing 12 months is 14.60%. The firm’s gross profit as reported stood at $5.08 million against revenue of $21.79 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 -161.81% to -$6.52 million, while revenue of -$4.27 million was 34.51% off the previous quarter. Analysts expected PHUN to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.06, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$6.59 million. PHUN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 22.88 million, with total debt at $9.65 million. Shareholders hold equity totaling $120.36 million.
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 22 August was 24.73% to suggest the stock is trending oversold, with historical volatility in this time period at 30.41%.
The stock’s 5-day moving average is $0.3256, reflecting a -3.11% or -$0.0101 change from its current price. PHUN is currently trading -23.70% above its 20-day SMA, -51.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -44.75% and SMA200 by-73.76%.
Stochastic %K and %D was 4.90% and 6.47% and the average true range (ATR) pointed at 0.0223. The RSI (14) points at 29.49%, while the 14-day stochastic is at 1.35% with the period’s ATR at 0.0259. The stock’s 9-day MACD Oscillator is pointing at -0.0093 and -0.0273 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 $0.50 and a high of $4.25, with their median price target at $0.88. Looking at these predictions, the average price target given by analysts is for Phunware Inc. (PHUN) stock is $1.63.
