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Wall Street Pummels Phunware Inc. (PHUN) After Recent Earnings Report

Phunware Inc. (NASDAQ:PHUN) went down by -10.85% from its latest closing price compared to the recent 1-year high of $24.04. The company’s stock price has collected -35.03% of loss in the last five trading sessions. Barron’s reported on 10/29/21 that Phunware Begins Accepting Bitcoin Payments. That’s Not Helping the Stock.

Is It Worth Investing in Phunware Inc. (NASDAQ :PHUN) Right Now?

PHUN currently public float of 92.64M and currently shorts hold a 4.05% ratio of that float. Today, the average trading volume of PHUN was 2.93M shares.

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PHUN’s Market Performance

PHUN stocks went down by -35.03% for the week, with a monthly drop of -16.06% and a quarterly performance of -4.96%, while its annual performance rate touched 16.75%. The volatility ratio for the week stands at 13.49% while the volatility levels for the past 30 days are set at 10.05% for Phunware Inc. The simple moving average for the period of the last 20 days is -21.80% for PHUN stocks with a simple moving average of -44.82% for the last 200 days.

Analysts’ Opinion of PHUN

Many brokerage firms have already submitted their reports for PHUN stocks, with ROTH Capital repeating the rating for PHUN by listing it as a “Buy.” The predicted price for PHUN in the upcoming period, according to ROTH Capital is $2.50 based on the research report published on May 11th of the previous year 2021.

Ascendiant Capital Markets, on the other hand, stated in their research note that they expect to see PHUN reach a price target of $4. The rating they have provided for PHUN stocks is “Buy” according to the report published on June 16th, 2020.

PHUN Trading at -23.39% from the 50-Day Moving Average

After a stumble in the market that brought PHUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.22% of loss for the given period.

Volatility was left at 10.05%, however, over the last 30 days, the volatility rate increased by 13.49%, as shares sank -17.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.54% lower at present.

During the last 5 trading sessions, PHUN fell by -35.03%, which changed the moving average for the period of 200-days by -61.54% in comparison to the 20-day moving average, which settled at $1.4585. In addition, Phunware Inc. saw -56.27% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PHUN starting from Costello Ryan, who sale 20,000 shares at the price of $1.95 back on Sep 15. After this action, Costello Ryan now owns 132,176 shares of Phunware Inc., valued at $38,912 using the latest closing price.

Manlunas Eric, the Director of Phunware Inc., sale 55,983 shares at $4.10 during a trade that took place back on Nov 15, which means that Manlunas Eric is holding 27,173 shares at $229,530 based on the most recent closing price.

Stock Fundamentals for PHUN

Equity return is now at value -152.80, with -92.60 for asset returns.

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