There Is Still Room For Phunware Inc. (PHUN) to Improve Its Value – Let’s Wait for Clarity

The price of Phunware Inc. (NASDAQ: PHUN) closed at $0.64 in the last session, up 1.94% from day before closing price of $0.63. In other words, the price has increased by $+0.0120 from its previous closing price. On the day, 519496 shares were traded. PHUN stock price reached its highest trading level at $0.6463 during the session, while it also had its lowest trading level at $0.6154.

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We take a closer look at PHUN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 14 when Costello Ryan sold 20,000 shares for $0.92 per share. The transaction valued at 18,404 led to the insider holds 188,776 shares of the business.

KNITOWSKI ALAN S sold 259,722 shares of PHUN for $239,394 on Dec 09. The Chief Executive Officer now owns 803,713 shares after completing the transaction at $0.92 per share. On Dec 08, another insider, KNITOWSKI ALAN S, who serves as the Chief Executive Officer of the company, sold 115,170 shares for $0.96 each. As a result, the insider received 110,621 and left with 1,138,452 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PHUN now has a Market Capitalization of 60.55M and an Enterprise Value of 69.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 3.51 whereas that against EBITDA is -1.84.

Stock Price History:

Over the past 52 weeks, PHUN has reached a high of $1.96, while it has fallen to a 52-week low of $0.55. The 50-Day Moving Average of the stock is 0.6636, while the 200-Day Moving Average is calculated to be 1.0244.

Shares Statistics:

According to the various share statistics, PHUN traded on average about 880.96K shares per day over the past 3-months and 735.86k shares per day over the past 10 days. A total of 103.17M shares are outstanding, with a floating share count of 95.55M. Insiders hold about 5.50% of the company’s shares, while institutions hold 12.80% stake in the company. Shares short for PHUN as of Apr 27, 2023 were 5.68M with a Short Ratio of 5.68M, compared to 5.77M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.46% and a Short% of Float of 5.66%.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.07.

Analysts are recommending an EPS of between -$0.21 and -$0.24 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.22, with 2 analysts recommending between -$0.2 and -$0.25.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $4.8M. It ranges from a high estimate of $4.91M to a low estimate of $4.7M. As of the current estimate, Phunware Inc.’s year-ago sales were $5.49M, an estimated decrease of -12.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $4.95M, an increase of 4.00% over than the figure of -$12.50% in the same quarter last year. There is a high estimate of $4.95M for the next quarter, whereas the lowest estimate is $4.95M.

A total of 2 analysts have provided revenue estimates for PHUN’s current fiscal year. The highest revenue estimate was $20.14M, while the lowest revenue estimate was $20M, resulting in an average revenue estimate of $20.07M. In the same quarter a year ago, actual revenue was $21.79M, down -7.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $23.67M in the next fiscal year. The high estimate is $24.6M and the low estimate is $22.73M. The average revenue growth estimate for next year is up 17.90% from the average revenue estimate for this year.