In the latest session, Phunware Inc (NASDAQ: PHUN) closed at $9.51 down -5.00% from its previous closing price of $10.01. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 709716 shares were traded.
Ratios:
For a deeper understanding of Phunware Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 0.30. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 0.35.
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 this company, ROTH Capital on May 11, 2021, initiated with a Buy rating and assigned the stock a 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.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’24 when Snavely Michael bought 2,500 shares for $9.04 per share. The transaction valued at 22,600 led to the insider holds 23,143 shares of the business.
Reisner Troy Lee bought 2,000 shares of PHUN for $17,514 on Mar 14 ’24. The Chief Financial Officer now owns 14,000 shares after completing the transaction at $8.76 per share. On Jan 17 ’24, another insider, Snavely Michael, who serves as the Chief Executive Officer of the company, sold 273 shares for $0.16 each. As a result, the insider received 44 and left with 1,177,136 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 76.42M and an Enterprise Value of 79.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 3.73. Its current Enterprise Value per Revenue stands at 16.37 whereas that against EBITDA is -1.97.
Stock Price History:
Over the past 52 weeks, PHUN has reached a high of $39.24, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is 12.89, while the 200-Day Moving Average is calculated to be 13.11.
Shares Statistics:
For the past three months, PHUN has traded an average of 4.41M shares per day and 1.03M over the past ten days. Insiders hold about 1.88% of the company’s shares, while institutions hold 22.33% stake in the company. Shares short for PHUN as of Feb 29, 2024 were 2.12M with a Short Ratio of 0.48, compared to 809.26k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 26.93% and a Short% of Float of 27.02%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$2 for the current quarter, with a high estimate of -$1 and a low estimate of -$2.5, while EPS last year was -$4.5. The consensus estimate for the next quarter is -$0.51, with high estimates of -$0.48 and low estimates of -$0.55.
Analysts are recommending an EPS of between -$13.5 and -$15.5 for the fiscal current year, implying an average EPS of -$14.87. EPS for the following year is -$1.66, with 3 analysts recommending between -$1.39 and -$2.05.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for PHUN’s current fiscal year. The highest revenue estimate was $14.82M, while the lowest revenue estimate was $12.31M, resulting in an average revenue estimate of $4.83M. In the same quarter a year ago, actual revenue was $21.79M, down -77.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $5.42M in the next fiscal year. The high estimate is $6.04M and the low estimate is $4.2M. The average revenue growth estimate for next year is up 12.20% from the average revenue estimate for this year.
