The stock of Phunware Inc. (NASDAQ:PHUN) increased by $0.01 on Tuesday to finish at $0.27, up 1.92 percent. The last five days have seen an average of 2,852,840 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.5032. The average number of shares traded over the last 20 days was 1,757,970, while the average volume over the last 50 days totaled 3,097,312.
PHUN stock dropped -33.96% since last month. On 08/28/23, the company’s shares reached a one-month low of $0.2500. The stock touched a high of $1.96 on 02/03/23, after rallying from a low of $0.25 in 52 weeks. The price of PHUN stock has declined by -65.07% or -$0.5032 this year, reaching a new high 7 times. Still, the stock price is down -86.22% from the 52-week high.
Insider Transactions
PHUN stock investors should be aware that Phunware Inc. (PHUN) stock had its last reported insider trading activity 259 days ago on Dec 14. On Dec 14, Director Costello Ryan sold 20,000 shares at $0.92 each. This transaction resulted in the insider making $18,404. On Dec 09, KNITOWSKI ALAN S sold 259,722 shares at a price of US$0.92. After the transaction, the insider now owns 803,713 shares. Chief Executive Officer KNITOWSKI ALAN S had earlier sold 115,170 shares on Dec 08 for $0.96 a share. The transaction was completed for $110,621.
Valuation Metrics
Beta for the stock is 10.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.84, the price-to-book (PB) ratio of 1.59.
Financial Health
For the three months ended June 29, Phunware Inc.’s quick ratio was 0.10, while its current ratio was 0.30, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 14.60% percent. Based on annual data, it had gross profit of $5.08 million and revenue of $21.79 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PHUN’s return on assets (ROA) during the last 12 months has been -56.70%. There was a -151.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -121.90%.
Earnings Surprise
According to Phunware Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.46 million, while revenues fell by -58.67% to $4.75 million. It was predicted that Phunware Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.06. EBITDA was -$6.59 million for the quarter. At the end of Phunware Inc.’s most recent quarter ended June 29, its liabilities totaled 22.88 million, while its total debt was $9.65 million. Equity owned by shareholders amounts to $120.36 million.
Technical Picture
Here’s a quick look at Phunware Inc.’s (PHUN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 18.68%, suggesting the stock is oversold, with a 63.84% historical volatility rate.
The stochastic %K and %D were 9.92% and 6.91% respectively, while the average true range (ATR) was 0.0269. Based on the 14-day stochastic reading of 14.36%, the RSI (14) reading is 24.01%. On the 9-day MACD Oscillator, the stock is at -0.0308, and the 14-day reading is at -0.0459.
Analyst Ratings
In its analyst report released on May 11, 2021, ROTH Capital began covering Phunware Inc. (NASDAQ: PHUN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Phunware Inc. (PHUN) an Buy rating. PHUN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is PHUN’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.50 and $4.25, with a median target price of $0.88. In analyzing these forecasts, the average price target given by analysts for Phunware Inc. (PHUN) is $1.63.
