In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $3.34 in the prior trading day, Phunware Inc (NASDAQ: PHUN) closed at $3.20, down -4.19%. In other words, the price has decreased by -$4.19 from its previous closing price. On the day, 0.63 million shares were traded.
Ratios:
Our goal is to gain a better understanding of PHUN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, H.C. Wainwright on November 12, 2024, Downgraded its rating to Neutral and sets its target price to $6 from $9 previously.
On May 11, 2021, ROTH Capital started tracking the stock assigning a Buy rating and target price of $2.50.
On June 16, 2020, Ascendiant Capital Markets started tracking the stock assigning a Buy rating and target price of $4.Ascendiant Capital Markets initiated its Buy rating on June 16, 2020, with a $4 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when MEWAWALLA RAHUL sold 29,595 shares for $5.15 per share. The transaction valued at 152,414 led to the insider holds 0 shares of the business.
MEWAWALLA RAHUL bought 29,595 shares of PHUN for $152,414 on Nov 22 ’24. On Jul 12 ’24, another insider, Snavely Michael, who serves as the Chief Executive Officer of the company, sold 6,000 shares for $5.67 each. As a result, the insider received 34,004 and left with 19,143 shares of the company.
Stock Price History:
Over the past 52 weeks, PHUN has reached a high of $17.99, while it has fallen to a 52-week low of $2.85. The 50-Day Moving Average of the stock is -28.27%, while the 200-Day Moving Average is calculated to be -35.81%.
Shares Statistics:
A total of 20.17M shares are outstanding, with a floating share count of 20.04M. Insiders hold about 0.67% of the company’s shares, while institutions hold 10.91% stake in the company.
