The stock of Phunware Inc (NASDAQ: PHUN) has increased by 24.22 when compared to last closing price of 6.77.Despite this, the company has seen a gain of 78.94% in its stock price over the last five trading days. globenewswire.com reported 2024-10-21 that AUSTIN, Texas, Oct. 21, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announces that CEO Michael Snavely will present a corporate overview at the LD Micro Main Event XVII. The investment conference is being held on October 28 – 30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles.
Is It Worth Investing in Phunware Inc (NASDAQ: PHUN) Right Now?
Moreover, the 36-month beta value for PHUN is 2.59. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PHUN is 11.23M and currently, short sellers hold a 6.47% of that float. On October 22, 2024, PHUN’s average trading volume was 1.47M shares.
PHUN’s Market Performance
PHUN’s stock has seen a 78.94% increase for the week, with a 179.40% rise in the past month and a 69.56% gain in the past quarter. The volatility ratio for the week is 27.91%, and the volatility levels for the past 30 days are at 13.00% for Phunware Inc. The simple moving average for the past 20 days is 90.42% for PHUN’s stock, with a 16.52% 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 120.91% 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 -65.67% of loss for the given period.
Volatility was left at 13.00%, however, over the last 30 days, the volatility rate increased by 27.91%, as shares surge +192.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +121.32% upper at present.
During the last 5 trading sessions, PHUN rose by +78.94%, which changed the moving average for the period of 200-days by +117.88% in comparison to the 20-day moving average, which settled at $4.42. In addition, Phunware Inc saw 105.12% 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 sale 6,000 shares at the price of $5.67 back on Jul 12 ’24. After this action, Snavely Michael now owns 19,143 shares of Phunware Inc, valued at $34,004 using the latest closing price.
Snavely Michael, the Chief Executive Officer of Phunware Inc, purchase 3,814 shares at $5.88 during a trade that took place back on Jun 13 ’24, which means that Snavely Michael is holding 25,143 shares at $22,426 based on the most recent closing price.
Stock Fundamentals for PHUN
Current profitability levels for the company are sitting at:
- 24.52 for the present operating margin
- -1.27 for the gross margin
The net margin for Phunware Inc stands at 31.91. The total capital return value is set at -2.34. 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 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -11.62. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -47.5.
Currently, EBITDA for the company is -19.79 million with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of -51.84. The receivables turnover for the company is -1.51for trailing twelve months and the total asset turnover is -0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
To wrap up, the performance of Phunware Inc (PHUN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
