During the last session, Phunware Inc (NASDAQ:PHUN)’s traded shares were 0.38 million, with the beta value of the company hitting 2.57. At the end of the trading day, the stock’s price was $3.01, reflecting an intraday loss of -6.52% or -$0.21. The 52-week high for the PHUN share is $24.50, that puts it down -713.95 from that peak though still a striking -2.66% loss since the share price plummeted to a 52-week low of $3.09. The company’s market capitalization is $34.13M, and the average intraday trading volume over the past 10 days was 0.55 million shares, and the average trade volume was 643.07K shares over the past three months.
Phunware Inc (PHUN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PHUN has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.26.
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Phunware Inc (NASDAQ:PHUN) trade information
Phunware Inc (PHUN) registered a -6.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.52% in intraday trading to $3.01, hitting a weekly high. The stock’s 5-day price performance is -13.75%, and it has moved by -18.65% in 30 days. Based on these gigs, the overall price performance for the year is -74.49%. The short interest in Phunware Inc (NASDAQ:PHUN) is 0.69 million shares and it means that shorts have 2.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $14.5, which implies an increase of 79.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $22 respectively. As a result, PHUN is trading at a discount of -630.9% off the target high and -132.56% 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 -69.93% during the last six months, with a year-to-date growth rate more than the industry average at 92.96% against 18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 96.80% this quarter and then jump 94.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -58.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.31M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.79M and 1.37M respectively. In this case, analysts expect current quarter sales to shrink by -53.10% and then jump by 42.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.47%. While earnings are projected to return 93.59% in 2024.
PHUN Dividends
Phunware Inc is due to release its next quarterly earnings on 2024-Nov-07. 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 5.51% of total outstanding shares while institutional holders control 7.59%, with the float percentage being 8.04%.
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 Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 224.62 shares. This amounts to just over 1.98 percent of the company’s overall shares, with a $0.68 million market value. The same data shows that the other fund manager holds slightly less at 150.54, or about 1.33% of the stock, which is worth about $0.45 million.
