The price of Phunware Inc (NASDAQ:PHUN) shares last traded on Wall Street fell -7.94% to $0.07.
Based on available information, 4 analysts follow Phunware Inc (NASDAQ:PHUN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $0.45, we find $0.75. Given the previous closing price of $0.08, this indicates a potential upside of 837.5 percent. PHUN stock price is now -53.36% away from the 50-day moving average and -83.23% away from the 200-day moving average. The market capitalization of the company currently stands at $10.47M.
Among analysts, 0 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $0.86 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, Manlunas Eric, Director sold 25,188 shares of the company’s stock on Aug 31. The stock was sold for $7,488 at an average price of $0.30. Upon completion of the transaction, the Director now directly owns 50,000 shares in the company, valued at $3500.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Costello Ryan sold 20,000 shares of the business’s stock. A total of $18,404 was realized by selling the stock at an average price of $0.92. This leaves the insider owning 188,776 shares of the company worth $13214.32. A total of 5.52% of the company’s stock is owned by insiders.
A candlestick chart of Phunware Inc (NASDAQ: PHUN) showed a price of $0.0780 on Wednesday morning. During the past 12 months, Phunware Inc has had a low of $0.08 and a high of $1.15. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 0.30, and a quick ratio of 0.25. The fifty day moving average price for PHUN is $0.1542 and a two-hundred day moving average price translates $0.4287 for the stock.
The latest earnings results from Phunware Inc (NASDAQ: PHUN) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.05 by -0.11. This compares to $0.00 EPS in the same period last year. The net profit margin was -257.36% and return on equity was -206.72% for PHUN. The company reported revenue of $2.79 million for the quarter, compared to $4.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.32 percent. For the current quarter, analysts expect PHUN to generate $2.19M 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.
