As of Thursday close, Phunware Inc.’s (NASDAQ:PHUN) stock was down -$0.03, moving down -11.06 percent to $0.21. The average number of shares traded per day over the past five days has been 1,356,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0541 fall in that time frame. In the last twenty days, the average volume was 1,891,705, while in the previous 50 days, it was 3,158,460.
Since last month, PHUN stock retreated -35.42%. Shares of the company fell to $0.2007 on 09/21/23, the lowest level in the past month. A 52-week high of $1.68 was reached on 02/03/23 after having rallying from a 52-week low of $0.24. Since the beginning of this year, PHUN’s stock price has dropped by -72.86% or -$0.5634, and marked a new high 7 times. However, the stock has declined by -87.51% since its 52-week high.
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PHUN stock investors should be aware that Phunware Inc. (PHUN) stock had its last reported insider trading activity 22 days ago on Aug 31. Manlunas Eric, the Director of the company, disposed of 25,188 shares for $0.30 on Aug 31. It resulted in a $7,488 divestment by the insider. Costello Ryan sold 20,000 shares at an average price of $0.92 on Dec 14. The insider now owns 188,776 shares following the transaction. On Dec 09, Chief Executive Officer KNITOWSKI ALAN S sold 259,722 shares at $0.92 apiece. The transaction was valued at $239,394.
Valuation Metrics
The stock’s beta is 10.09. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 1.23.
Financial Health
In the three months ended June 29, Phunware Inc.’s quick ratio stood at 0.10, while its current ratio was 0.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 14.60% percent. Based on annual data, PHUN earned $5.08 million in gross profit and brought in $21.79 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -151.50%. Return on equity (ROE) for the past 12 months was -121.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PHUN’s revenue fell -58.67% to $4.75 million during the quarter, while net income inched up to $3.46 million. While analysts expected Phunware Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated -$6.59 million in EBITDA. The liabilities of Phunware Inc. were 22.88 million at the end of its most recent quarter ended June 29, and its total debt was $9.65 million. The value of shareholders’ equity is $120.36 million.
Technical Picture
This quick technical analysis looks at Phunware Inc.’s (PHUN) price momentum. With a historical volatility rate of 81.06%, the RSI 9-day stood at 22.83% on 21 September.
With respect to its five-day moving average, the current Phunware Inc. price is down by -20.49% percent or -$0.0541. At present, PHUN shares trade -34.45% below its 20-day simple moving average and -64.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -46.18% below its SMA50 and -80.56% below its SMA200.
Stochastic coefficient K was 6.02% and Stochastic coefficient D was 10.04%, while ATR was 0.0232. Given the Stochastic reading of 9.58% for the 14-day period, the RSI (14) reading has been calculated as 26.45%. As of today, the MACD Oscillator reading stands at -0.0170, while the 14-day reading stands at -0.0233.
Analyst Ratings
ROTH Capital launched its rating on Phunware Inc. (NASDAQ: PHUN) to a Buy in a note to investors on May 11, 2021. Phunware Inc. (PHUN) has been rated Buy by analysts. According to 0 brokerage firms, PHUN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Phunware Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $0.75, the current consensus forecast for the stock is $0.50 – $1.00. Based on these forecasts, analysts predict Phunware Inc. (PHUN) will achieve an average price target of $0.75.
