Phunware Inc. (NASDAQ: PHUN) Have Dropped -42.21% YTD, What Will Happen Next – Marketing Sentinel
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Phunware Inc. (NASDAQ: PHUN) Have Dropped -42.21% YTD, What Will Happen Next

During the last session, Phunware Inc. (NASDAQ:PHUN)’s traded shares were 1.73 million. At the end of the trading day, the stock’s price was $1.52, reflecting an intraday gain of 1.33% or $0.02. The 52-week high for the PHUN share is $24.04, that puts it down -1481.58 from that peak though still a striking 46.05% gain since the share price plummeted to a 52-week low of $0.82. The company’s market capitalization is $153.76M, and the average intraday trading volume over the past 10 days was 3.51 million shares, and the average trade volume was 2.73 million shares over the past three months.

Phunware Inc. (PHUN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. PHUN has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.05.

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Phunware Inc. (NASDAQ:PHUN) trade information

Phunware Inc. (PHUN) registered a 1.33% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.33% in intraday trading to $1.52 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 3.40%, and it has moved by 42.06% in 30 days. Based on these gigs, the overall price performance for the year is 40.74%. The short interest in Phunware Inc. (NASDAQ:PHUN) is 5.42 million shares and it means that shorts have 1.49 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.56, which implies an increase of 66.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $6.00 respectively. As a result, PHUN is trading at a discount of -294.74% off the target high and -97.37% off the low.

Phunware Inc. (PHUN) estimates and forecasts

Statistics show that Phunware Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Phunware Inc. (PHUN) shares have gone down -32.44% during the last six months, with a year-to-date growth rate more than the industry average at 57.75% against 3.20. In the rating firms’ projections, revenue will increase 140.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $5.79 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $6.36 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.44 million and $2.27 million respectively. In this case, analysts expect current quarter sales to grow by 303.20% and then jump by 180.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -44.60%. While earnings are projected to return -41.50% in 2022.

PHUN Dividends

Phunware Inc. is due to release its next quarterly earnings between March 23 and March 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Phunware Inc. (NASDAQ:PHUN)’s Major holders

Phunware Inc. insiders own 5.14% of total outstanding shares while institutional holders control 14.21%, with the float percentage being 14.98%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 61 institutions own stock in it. As of Mar 30, 2022, the company held over 3.42 million shares (or 3.50% of all shares), a total value of $9.52 million in shares.

The next largest institutional holding, with 1.41 million shares, is of Millennium Management LLC’s that is approximately 1.44% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $3.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of Phunware Inc. (PHUN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.21 million shares. This amounts to just over 2.25 percent of the company’s overall shares, with a $6.13 million market value. The same data shows that the other fund manager holds slightly less at 1.08 million, or about 1.10% of the stock, which is worth about $3.0 million.

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