Stocks of Phunware Inc. (NASDAQ:PHUN) traded higher last session on Wall Street, down -9.40% to $0.45.
According to the data, Phunware Inc. (NASDAQ:PHUN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.25 and a low of $1.00, we find $1.20. Given the previous closing price of $0.50, this indicates a potential upside of 140.0 percent. PHUN stock price is now -22.05% away from the 50-day moving average and -49.17% away from the 200-day moving average. The market capitalization of the company currently stands at $52.30M.
A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.15 as their price target over the next twelve months.
With the price target of $2.50, ROTH Capital recently initiated with Buy rating for Phunware Inc. (NASDAQ: PHUN).
In other news, Costello Ryan, Director sold 20,000 shares of the company’s stock on Dec 14. The stock was sold for $18,404 at an average price of $0.92. Upon completion of the transaction, the Director now directly owns 188,776 shares in the company, valued at $84949.2. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, Chief Executive Officer KNITOWSKI ALAN S sold 259,722 shares of the business’s stock. A total of $239,394 was realized by selling the stock at an average price of $0.92. This leaves the insider owning 803,713 shares of the company worth $0.36 million. A total of 5.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PHUN stock. A new stake in Phunware Inc. shares was purchased by JEFFERIES GROUP LLC during the first quarter worth $45,000. SPIRE WEALTH MANAGEMENT invested $9,000 in shares of PHUN during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Phunware Inc. valued at approximately $6,000. VICTORY CAPITAL MANAGEMENT INC acquired a new stake in PHUN for approximately $5,000. In total, there are 47 active investors with 12.80% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $0.4925 for Phunware Inc. (NASDAQ: PHUN). During the past 12 months, Phunware Inc. has had a low of $0.49 and a high of $1.96. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 0.40, and a quick ratio of 0.30. The fifty day moving average price for PHUN is $0.5782 and a two-hundred day moving average price translates $0.8845 for the stock.
The latest earnings results from Phunware Inc. (NASDAQ: PHUN) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.07 by 0.03. This compares to -$0.15 EPS in the same period last year. The company reported revenue of $4.75 million for the quarter, compared to $6.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.96 percent. For the current quarter, analysts expect PHUN to generate $4.87M in revenue.
Phunware Inc.(PHUN) Company Profile
Phunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company’s products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. It is also involved in the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization; and pre-packaged and custom high-end personal computer systems for gaming, streaming, and cryptocurrency mining enthusiasts. The company was founded in 2009 and is headquartered in Austin, Texas.
