The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Phunware Inc (NASDAQ: PHUN) was $5.58 for the day, up 2.95% from the previous closing price of $5.42. In other words, the price has increased by $2.95 from its previous closing price. On the day, 1.41 million shares were traded. PHUN stock price reached its highest trading level at $5.6488 during the session, while it also had its lowest trading level at $5.12.
Ratios:
Our analysis of PHUN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, H.C. Wainwright on November 12, 2024, Downgraded its rating to Neutral and sets its target price to $6 from $9 previously.
On May 11, 2021, ROTH Capital started tracking the stock assigning a Buy rating and 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.Ascendiant Capital Markets initiated its Buy rating on June 16, 2020, with a $4 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 22 ’24 when MEWAWALLA RAHUL sold 29,595 shares for $5.15 per share. The transaction valued at 152,414 led to the insider holds 0 shares of the business.
MEWAWALLA RAHUL bought 29,595 shares of PHUN for $152,414 on Nov 22 ’24. On Jul 12 ’24, another insider, Snavely Michael, who serves as the Chief Executive Officer of the company, sold 6,000 shares for $5.67 each. As a result, the insider received 34,004 and left with 19,143 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 110976152 and an Enterprise Value of 31003668. Its current Enterprise Value per Revenue stands at 8.766 whereas that against EBITDA is -2.586.
Stock Price History:
Over the past 52 weeks, PHUN has reached a high of $24.50, while it has fallen to a 52-week low of $2.85. The 50-Day Moving Average of the stock is -0.51%, while the 200-Day Moving Average is calculated to be 0.93%.
Shares Statistics:
PHUN traded an average of 7.35M shares per day over the past three months and 2171860 shares per day over the past ten days. A total of 19.89M shares are outstanding, with a floating share count of 19.75M. Insiders hold about 0.68% of the company’s shares, while institutions hold 6.77% stake in the company. Shares short for PHUN as of 1734048000 were 1844119 with a Short Ratio of 0.25, compared to 1731628800 on 1756001. Therefore, it implies a Short% of Shares Outstanding of 1844119 and a Short% of Float of 9.2700005.
