Phunware Inc (NASDAQ:PHUN)’s traded shares stood at 34.23 million during the last session, with the company’s beta value hitting 2.44. At the close of trading, the stock’s price was $8.48, to imply a decrease of -40.03% or -$5.66 in intraday trading. The PHUN share’s 52-week high remains $24.50, putting it -188.92% down since that peak but still an impressive 66.39% since price per share fell to its 52-week low of $2.85. The company has a valuation of $96.16M, with an average of 22.37 million shares in intraday trading volume over the past 10 days and average of 3.22 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Phunware Inc (PHUN), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give PHUN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.26.
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Phunware Inc (NASDAQ:PHUN) trade information
After registering a -40.03% downside in the last session, Phunware Inc (PHUN) has traded red over the past five days. The 5-day price performance for the stock is 13.37%, and 178.95% over 30 days. With these gigs, the year-to-date price performance is 106.83%. Short interest in Phunware Inc (NASDAQ:PHUN) saw shorts transact 0.73 million shares and set a 1.83 days time to cover.
The extremes give us $9 and $22 for target low and target high price respectively. As such, PHUN has been trading -159.43% off suggested target high and -6.13% from its likely low.
Phunware Inc (PHUN) estimates and forecasts
Looking at statistics comparing Phunware Inc share performance against respective industry, we note that the company has outperformed competitors. Phunware Inc (PHUN) shares are 38.11% up over the last 6 months, with its year-to-date growth rate higher than industry average at 93.59% against 18.70%. Revenue is forecast to grow 96.80% this quarter before jumping 94.60% for the next one. The rating firms project that company’s revenue will shrink -58.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 1.31M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 1.95M.Earnings reports from the last fiscal year show that sales brought in 2.79M and 1.37M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -53.10% before jumping 42.00% in the following quarter.
PHUN Dividends
Phunware Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Phunware Inc (NASDAQ:PHUN)’s Major holders
Phunware Inc insiders hold 5.29% of total outstanding shares, with institutional holders owning 7.59% of the shares at 8.02% float percentage. In total, 7.59% institutions holds shares in the company.
