Phunware Inc (NASDAQ:PHUN) has a beta value of 2.36 and has seen 0.92 million shares traded in the recent trading session. The company, currently valued at $107.42M, closed the recent trade at $4.87 per share which meant it lost -$0.01 on the day or -0.20% during that session. The PHUN stock price is -403.08% off its 52-week high price of $24.50 and 41.48% above the 52-week low of $2.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.73 million shares traded. The 3-month trading volume is 6.62 million shares.
The consensus among analysts is that Phunware Inc (PHUN) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Phunware Inc (NASDAQ:PHUN) trade information
Sporting -0.20% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PHUN stock price touched $4.87 or saw a rise of 8.97%. Year-to-date, Phunware Inc shares have moved 18.78%, while the 5-day performance has seen it change 2.31%. Over the past 30 days, the shares of Phunware Inc (NASDAQ:PHUN) have changed -54.06%. Short interest in the company has seen 1.43 million shares shorted with days to cover at 0.1.
Wall Street analysts have a consensus price target for the stock at $15.5, which means that the shares’ value could jump 68.58% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $22.0. In that case, then, we find that the latest price level in today’s session is -351.75% off the targeted high while a plunge would see the stock gain -84.8% from the levels at last check today.
Phunware Inc (PHUN) estimates and forecasts
Figures show that Phunware Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -28.70% over the past 6 months, with this year growth rate of 94.21%, compared to 24.40% for the industry. Revenue growth from the last financial year stood is estimated to be -27.01%.
3 analysts offering their estimates for the company have set an average revenue estimate of 928.67k for the current quarter. 3 have an estimated revenue figure of 1.36M for the next ending quarter. Year-ago sales stood -6.19M and 921k respectively for this quarter and the next, and analysts expect sales will grow by 114.99% for the current quarter and -27.01% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.47% over the past 5 years.
PHUN Dividends
Phunware Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Phunware Inc (NASDAQ:PHUN)’s Major holders
Insiders own 3.02% of the company shares, while shares held by institutions stand at 4.44% with a share float percentage of 4.57%. Investors are also buoyed by the number of investors in a company, with Phunware Inc having a total of 29.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 1.13% shares in the company for having 224.62 shares of worth $1.11 million while later fund manager owns 150.54 shares of worth $0.74 million as of Jun 30, 2024, which makes it owner of about 0.76% of company’s outstanding stock.
