The price of Phunware Inc (NASDAQ: PHUN) closed at $10.59 in the last session, up 20.75% from day before closing price of $8.77. In other words, the price has increased by $+1.82 from its previous closing price. On the day, 1912128 shares were traded.
Ratios:
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 0.25 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:
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 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.
Snavely Michael sold 273 shares of PHUN for $44 on Jan 17 ’24. The Chief Executive Officer now owns 1,177,136 shares after completing the transaction at $0.16 per share. On Aug 31 ’23, another insider, Manlunas Eric, who serves as the Director of the company, sold 25,188 shares for $0.30 each. As a result, the insider received 7,488 and left with 50,000 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 82.41M and an Enterprise Value of 88.44M. For the stock, the TTM Price-to-Sale (P/S) ratio is 129.38 while its Price-to-Book (P/B) ratio in mrq is 207.69. Its current Enterprise Value per Revenue stands at 5.60 whereas that against EBITDA is -2.29.
Stock Price History:
Over the past 52 weeks, PHUN has reached a high of $40.00, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is 12.26, while the 200-Day Moving Average is calculated to be 13.61.
Shares Statistics:
According to the various share statistics, PHUN traded on average about 4.32M shares per day over the past 3-months and 11.43M shares per day over the past 10 days. A total of 193.03M shares are outstanding, with a floating share count of 189.39M. Insiders hold about 1.89% of the company’s shares, while institutions hold 0.45% stake in the company. Shares short for PHUN as of Feb 29, 2024 were 2.12M with a Short Ratio of 0.49, 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
The company has 4 analysts who recommend its stock at the moment. 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 -$0.76, with high estimates of -$0.48 and low estimates of -$1.5.
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 -$2.77, with 4 analysts recommending between -$1.54 and -$5.
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 4 analysts’ estimates, the company’s revenue will be $6.56M in the next fiscal year. The high estimate is $8M and the low estimate is $6.02M. The average revenue growth estimate for next year is up 35.80% from the average revenue estimate for this year.
