Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Phunware Inc (NASDAQ: PHUN) closed the day trading at $6.84 up 14.00% from the previous closing price of $6.00. In other words, the price has increased by $14.00 from its previous closing price. On the day, 0.88 million shares were traded. PHUN stock price reached its highest trading level at $7.09 during the session, while it also had its lowest trading level at $5.95.
Ratios:
For a better understanding of PHUN, let’s look at its different 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:
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 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 54905228 and an Enterprise Value of 57567240. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 11.914 whereas that against EBITDA is -2.909.
Stock Price History:
Over the past 52 weeks, PHUN has reached a high of $36.00, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -35.59%, while the 200-Day Moving Average is calculated to be -40.29%.
Shares Statistics:
Over the past 3-months, PHUN traded about 3.74M shares per day on average, while over the past 10 days, PHUN traded about 350880 shares per day. A total of 8.03M shares are outstanding, with a floating share count of 7.88M. Insiders hold about 1.87% of the company’s shares, while institutions hold 10.73% stake in the company. Shares short for PHUN as of 1711584000 were 1146006 with a Short Ratio of 0.31, compared to 1709164800 on 2119340. Therefore, it implies a Short% of Shares Outstanding of 1146006 and a Short% of Float of 14.280000000000001.
Earnings Estimates
Investors are keenly observing as Phunware, Inc. analysts analyze and rate the current performance of Phunware Inc (PHUN) in the stock market.The consensus estimate for the next quarter is $23.72, with high estimates of $37.27 and low estimates of $25.98.
