Stock Surge: Phunware Inc (PHUN) Closes at 5.37, Marking a 1.90 Increase/Decrease

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In the latest session, Phunware Inc (NASDAQ: PHUN) closed at $5.37 up 1.90% from its previous closing price of $5.27. In other words, the price has increased by $1.90 from its previous closing price. On the day, 0.14 million shares were traded. PHUN stock price reached its highest trading level at $5.43 during the session, while it also had its lowest trading level at $5.2.

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 2.77 and its Current Ratio is at 2.77. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.06.

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 Jun 13 ’24 when Snavely Michael bought 3,814 shares for $5.88 per share. The transaction valued at 22,426 led to the insider holds 25,143 shares of the business.

Snavely Michael sold 6,000 shares of PHUN for $34,985 on Jun 13 ’24. The Chief Executive Officer now owns 21,329 shares after completing the transaction at $5.83 per share. On Jun 10 ’24, another insider, Snavely Michael, who serves as the Chief Executive Officer of the company, bought 1,186 shares for $5.50 each. As a result, the insider paid 6,523 and bolstered with 27,329 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 44338404 and an Enterprise Value of 24284408. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.73 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 5.508 whereas that against EBITDA is -1.52.

Stock Price History:

The Beta on a monthly basis for PHUN is 2.60, which has changed by -0.7856 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, PHUN has reached a high of $27.00, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -14.72%, while the 200-Day Moving Average is calculated to be -36.64%.

Shares Statistics:

For the past three months, PHUN has traded an average of 367.98K shares per day and 593420 over the past ten days. A total of 8.03M shares are outstanding, with a floating share count of 7.91M. Insiders hold about 1.45% of the company’s shares, while institutions hold 20.52% stake in the company. Shares short for PHUN as of 1718323200 were 610210 with a Short Ratio of 1.66, compared to 1715731200 on 838214. Therefore, it implies a Short% of Shares Outstanding of 610210 and a Short% of Float of 7.380000000000001.

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