The stock of Phunware Inc (NASDAQ: PHUN) has increased by 11.69 when compared to last closing price of 6.00.Despite this, the company has seen a loss of -11.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that The heavy selling pressure might have exhausted for Phunware (PHUN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Is It Worth Investing in Phunware Inc (NASDAQ: PHUN) Right Now?
The 36-month beta value for PHUN is at 2.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PHUN is 7.88M, and currently, shorts hold a 14.54% of that float. The average trading volume for PHUN on April 18, 2024 was 3.74M shares.
PHUN’s Market Performance
PHUN’s stock has seen a -11.59% decrease for the week, with a -33.12% drop in the past month and a -44.64% fall in the past quarter. The volatility ratio for the week is 8.95%, and the volatility levels for the past 30 days are at 9.18% for Phunware Inc The simple moving average for the past 20 days is -18.91% for PHUN’s stock, with a -41.50% simple moving average for the past 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 11, 2021 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 -36.90% 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 -81.39% of loss for the given period.
Volatility was left at 9.18%, however, over the last 30 days, the volatility rate increased by 8.95%, as shares sank -36.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.00% lower at present.
During the last 5 trading sessions, PHUN fell by -13.85%, which changed the moving average for the period of 200-days by -74.88% in comparison to the 20-day moving average, which settled at $8.07. In addition, Phunware Inc saw 63.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PHUN starting from Snavely Michael, who purchase 2,500 shares at the price of $9.04 back on Mar 14 ’24. After this action, Snavely Michael now owns 23,143 shares of Phunware Inc, valued at $22,600 using the latest closing price.
Reisner Troy Lee, the Chief Financial Officer of Phunware Inc, purchase 2,000 shares at $8.76 during a trade that took place back on Mar 14 ’24, which means that Reisner Troy Lee is holding 14,000 shares at $17,514 based on the most recent closing price.
Stock Fundamentals for PHUN
Current profitability levels for the company are sitting at:
- -9.46 for the present operating margin
- 0.35 for the gross margin
The net margin for Phunware Inc stands at -10.42. The total capital return value is set at 4.67. Equity return is now at value -206.72, with -84.45 for asset returns.
Based on Phunware Inc (PHUN), the company’s capital structure generated -1.36 points at debt to capital in total, while cash flow to debt ratio is standing at -2.79. The debt to equity ratio resting at -0.58. The interest coverage ratio of the stock is -26.37.
Currently, EBITDA for the company is -19.79 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 11.85. The receivables turnover for the company is 8.79for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In conclusion, Phunware Inc (PHUN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
