In recent trading session, Phunware, Inc. (NASDAQ:PHUN) saw 1,327,787 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.8 trading at -$0.06 or -7.39% at recent trade assigns it a market valuation of $36.39 Million. That current trading price of PHUN’s stock is at a discount of -275% from its 52-week high price of $3 and is indicating a premium of 32.5% from its 52-week low price of $0.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.94 Million shares which gives us an average trading volume of 3.49 Million if we extend that period to 3-months.
For Phunware, Inc. (PHUN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.07 in the current quarter.
Phunware, Inc. (NASDAQ:PHUN) trade information
In the face of being in the red today for losing -7.39%, in the last five days PHUN remained trading in the green while hitting it’s week-highest on Monday, Oct 12 when the stock touched $0.925 price level, adding 12.49% to its value on the day. Phunware, Inc.’s shares saw a change of -31.97% in year-to-date performance and have moved -12.49% in past 5-day. Phunware, Inc. (NASDAQ:PHUN) showed a performance of -14.31% in past 30-days. Number of shares sold short was 3.8 Million shares which calculate 1.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $3.13 to the stock, which implies a rise of 291.25% to its current value. Analysts have been projecting $2 as a low price target for the stock while placing it at a high target of $4.25. It follows that stock’s current price would jump +431.25% in reaching the projected high whereas dropping to the targeted low would mean a loss of 150% for stock’s current value.
Phunware, Inc. (PHUN) estimates and forecasts
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.77 Million for the same. And 2 analysts are in estimates of company making revenue of $3.14 Million in the next quarter that will end in December 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 9% while estimates for its earnings growth in next 5 years are of 0%
Phunware, Inc. (NASDAQ:PHUN)’s Major holders
Insiders are in possession of 48.01% of company’s total shares while institution are holding 27.53% percent of that, with stock having share float percentage of 52.95%. Investors also watch the number of corporate investors in a company very closely, which is 57 institutions for Phunware, Inc. that are currently holding shares of the company. TCTC Holdings, LLC is the top institutional holder at PHUN for having 475.23 Thousand shares of worth $584.53 Thousand. And as of June 29, 2020, it was holding 1.05% of the company’s outstanding shares.
The second largest institutional holder is Millennium Management LLC, which was holding about 404.6 Thousand shares on June 29, 2020. The number of shares represents firm’s hold over 0.89% of outstanding shares, having a total worth of $497.65 Thousand.
On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 394501 shares of worth $485.24 Thousand or 0.87% of the total outstanding shares. The later fund manager was in possession of 82.06 Thousand shares on July 30, 2020, making its stake of worth around $122.27 Thousand in the company or a holder of 0.18% of company’s stock.