Phunware Inc (NASDAQ:PHUN)’s traded shares stood at 3.1 million during the last session, with the company’s beta value hitting 2.28. At the close of trading, the stock’s price was $5.57, to imply a decrease of -1.59% or -$0.09 in intraday trading. The PHUN share’s 52-week high remains $24.50, putting it -339.86% down since that peak but still an impressive 48.83% since price per share fell to its 52-week low of $2.85. The company has a valuation of $110.78M, with an average of 2.15 million shares in intraday trading volume over the past 10 days and average of 6.94 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 1.67. 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 -0.12.
Phunware Inc (NASDAQ:PHUN) trade information
After registering a -1.59% 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 5.69%, and 30.60% over 30 days. With these gigs, the year-to-date price performance is 7.12%. Short interest in Phunware Inc (NASDAQ:PHUN) saw shorts transact 2.01 million shares and set a 1.17 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, PHUN has been trading -61.58% off suggested target high and -61.58% 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 6.91% up over the last 6 months, with its year-to-date growth rate higher than industry average at 94.95% against 25.50%. The rating firms project that company’s revenue will shrink -27.01% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 928.67k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1M.Earnings reports from the last fiscal year show that sales brought in -6.19M and 921k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 114.99% before jumping 8.58% in the following quarter.
PHUN Dividends
Phunware Inc has its next earnings report out in February. 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 3.09% of total outstanding shares, with institutional holders owning 4.44% of the shares at 4.58% float percentage. In total, 4.44% institutions holds shares in the company.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Phunware Inc (PHUN) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 224.62 shares. This is just over 1.13% of the total shares, with a market valuation of $1.25 million. Data from the same date shows that the other fund manager holds a little less at 150.54, or 0.76% of the shares, all valued at about 0.84 million.
