In the last trading session, 29.48 million shares of the Phunware Inc (NASDAQ:PHUN) were traded, and its beta was 2.51. Most recently the company’s share price was $10.56, and it changed around -$0.04 or -0.38% from the last close, which brings the market valuation of the company to $119.75M. PHUN currently trades at a discount to its 52-week high of $24.50, offering almost -132.01% off that amount. The share price’s 52-week low was $2.85, which indicates that the current value has risen by an impressive 73.01% since then. We note from Phunware Inc’s average daily trading volume that its 10-day average is 27.99 million shares, with the 3-month average coming to 4.22 million.
Phunware Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PHUN as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Phunware Inc is expected to report earnings per share of -0.26 for the current quarter.
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Phunware Inc (NASDAQ:PHUN) trade information
Instantly PHUN has showed a red trend with a performance of -0.38% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.60 on recent trading dayincreased the stock’s daily price by 27.67%. The company’s shares are currently up 157.56% year-to-date, but still up 25.56% over the last five days. On the other hand, Phunware Inc (NASDAQ:PHUN) is 205.20% up in the 30-day period. We can see from the shorts that 1.27 million shares have been sold at a short interest cover period of 0.51 day(s).
The consensus price target as assigned by Wall Street analysts is $15.5, which translates to bulls needing to increase their stock price by 31.87% from its current value. Analyst projections state that PHUN is forecast to be at a low of $9 and a high of $22.
Phunware Inc (PHUN) estimates and forecasts
Phunware Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 56.21 percent over the past six months and at a 93.59% annual growth rate that is well above the industry average of 18.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 96.80% in revenue this quarter, and will report an increase of 94.60% in the next quarter. The year-over-year growth rate is expected to be -58.00%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 1.31M in revenue for the current quarter. 3 analysts expect Phunware Inc to make 1.95M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.79M and 1.37M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -53.10%. Forecasts for the next quarter put sales growth at 42.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.47%.
PHUN Dividends
Phunware Inc’s next quarterly earnings report is expected to be released in November.
Phunware Inc (NASDAQ:PHUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.29% of Phunware Inc shares, and 7.59% of them are in the hands of institutional investors. The stock currently has a share float of 8.02%.
