In today’s recent session, 0.52 million shares of the Phunware Inc (NASDAQ:PHUN) have been traded, and its beta is 2.40. Most recently the company’s share price was $3.47, and it changed around $0.4 or 13.03% from the last close, which brings the market valuation of the company to $69.99M. PHUN at last check was trading at a discount to its 52-week high of $14.60, offering almost -320.75% off that amount. The share price’s 52-week low was $2.70, which indicates that the recent value has risen by an impressive 22.19% since then. We note from Phunware Inc’s average daily trading volume that its 10-day average is 0.26 million shares, with the 3-month average coming to 1.08 million.
Phunware Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended PHUN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Phunware Inc is expected to report earnings per share of -0.11 for the current quarter.
Phunware Inc (NASDAQ:PHUN) trade information
Instantly PHUN has been showing a green trend so far today with a performance of 13.03% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.45 on recent trading daydecreased the stock’s daily price by -0.58%. The company’s shares are currently down -33.27% year-to-date, but still up 22.18% over the last five days. On the other hand, Phunware Inc (NASDAQ:PHUN) is 3.89% up in the 30-day period. We can see from the shorts that 1.77 million shares have been sold at a short interest cover period of 3.64 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 61.44% from its current value. Analyst projections state that PHUN is forecast to be at a low of $9 and a high of $9.
Phunware Inc (PHUN) estimates and forecasts
The year-over-year growth rate is expected to be 0.61%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 624.5k in revenue for the current quarter. 2 analysts expect Phunware Inc to make 753k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 921k and 1.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -32.19%. Forecasts for the next quarter put sales growth at -25.52%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.25%. Phunware Inc earnings are expected to increase by 94.96% in 2025, but the outlook is positive 64.78% per year for the next five years.
Phunware Inc (NASDAQ:PHUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.76% of Phunware Inc shares, and 11.09% of them are in the hands of institutional investors. The stock currently has a share float of 11.17%.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 358.62 shares worth $1.2 million, making up 1.78% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 347.01 shares worth around $1.17 million, which represents about 1.72% of the total shares outstanding.
