Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Phunware Inc (NASDAQ: PHUN) closed the day trading at $6.38 up 3.91% from the previous closing price of $6.14. In other words, the price has increased by $3.91 from its previous closing price. On the day, 0.53 million shares were traded. PHUN stock price reached its highest trading level at $6.69 during the session, while it also had its lowest trading level at $6.15.
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 51212772 and an Enterprise Value of 53874784. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 2.50. Its current Enterprise Value per Revenue stands at 11.15 whereas that against EBITDA is -2.723.
Stock Price History:
The Beta on a monthly basis for PHUN is 2.61, which has changed by -0.7859061 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, PHUN has reached a high of $33.51, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -31.61%, while the 200-Day Moving Average is calculated to be -41.67%.
Shares Statistics:
Over the past 3-months, PHUN traded about 2.82M shares per day on average, while over the past 10 days, PHUN traded about 458250 shares per day. A total of 8.03M shares are outstanding, with a floating share count of 7.89M. Insiders hold about 1.68% of the company’s shares, while institutions hold 10.72% stake in the company. Shares short for PHUN as of 1713139200 were 977129 with a Short Ratio of 0.35, compared to 1710460800 on 1090103. Therefore, it implies a Short% of Shares Outstanding of 977129 and a Short% of Float of 12.1700004.
Earnings Estimates
The current assessment of Phunware Inc (PHUN) involves the perspectives of 3.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.45 for the current quarter, with a high estimate of -$0.33 and a low estimate of -$0.55, while EPS last year was -$2. The consensus estimate for the next quarter is -$0.37, with high estimates of -$0.3 and low estimates of -$0.5.
Analysts are recommending an EPS of between -$1.17 and -$2.05 for the fiscal current year, implying an average EPS of -$1.54. EPS for the following year is -$1.34, with 4.0 analysts recommending between -$0.82 and -$2.12.
Revenue Estimates
3 analysts predict $1.2M in revenue for the current quarter. It ranges from a high estimate of $1.28M to a low estimate of $1.1M. As of the current estimate, Phunware Inc’s year-ago sales were $4.75MFor the next quarter, 3 analysts are estimating revenue of $1.3M. There is a high estimate of $1.49M for the next quarter, whereas the lowest estimate is $1M.
A total of 4 analysts have provided revenue estimates for PHUN’s current fiscal year. The highest revenue estimate was $6.04M, while the lowest revenue estimate was $4.2M, resulting in an average revenue estimate of $5.56M. In the same quarter a year ago, actual revenue was $12.4MBased on 4 analysts’ estimates, the company’s revenue will be $8.64M in the next fiscal year. The high estimate is $10.05M and the low estimate is $7M.
