The stock of Phunware Inc (NASDAQ: PHUN) has increased by 6.85 when compared to last closing price of 4.45. Despite this, the company has experienced a -20.53% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that AUSTIN, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announced today Interim Chief Executive Officer Stephen Chen will participate in the 13th Annual ROTH Technology Conference at the Hard Rock Hotel in New York City on Wednesday, November 20, 2024. Stephen Chen will hold one-on-one meetings with institutional investors on site during this annual invitation-only event.
Is It Worth Investing in Phunware Inc (NASDAQ: PHUN) Right Now?
The 36-month beta value for PHUN is also noteworthy at 2.41. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PHUN is 19.70M, and at present, short sellers hold a 7.25% of that float. The average trading volume of PHUN on November 19, 2024 was 6.47M shares.
PHUN’s Market Performance
PHUN stock saw a decrease of -20.53% in the past week, with a monthly decline of -29.69% and a quarterly a decrease of 35.61%. The volatility ratio for the week is 12.91%, and the volatility levels for the last 30 days are 20.44% for Phunware Inc (PHUN). The simple moving average for the past 20 days is -35.92% for PHUN’s stock, with a -29.40% simple moving average for the past 200 days.
Analysts’ Opinion of PHUN
Many brokerage firms have already submitted their reports for PHUN stocks, with H.C. Wainwright repeating the rating for PHUN by listing it as a “Neutral.” The predicted price for PHUN in the upcoming period, according to H.C. Wainwright is $6 based on the research report published on November 12, 2024 of the current year 2024.
ROTH Capital, on the other hand, stated in their research note that they expect to see PHUN reach a price target of $2.50. The rating they have provided for PHUN stocks is “Buy” according to the report published on May 11th, 2021.
Ascendiant Capital Markets gave a rating of “Buy” to PHUN, setting the target price at $4 in the report published on June 16th of the previous year.
PHUN Trading at -11.83% 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 -80.57% of loss for the given period.
Volatility was left at 20.44%, however, over the last 30 days, the volatility rate increased by 12.91%, as shares sank -43.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.22% upper at present.
During the last 5 trading sessions, PHUN fell by -20.53%, which changed the moving average for the period of 200-days by -72.16% in comparison to the 20-day moving average, which settled at $7.43. In addition, Phunware Inc saw 16.10% 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:
- 5.64 for the present operating margin
- -0.55 for the gross margin
The net margin for Phunware Inc stands at 8.53. The total capital return value is set at -0.66. Equity return is now at value -206.72, with -84.45 for asset returns.
Currently, EBITDA for the company is -40.1 million with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of -16.73. The receivables turnover for the company is -3.34for trailing twelve months and the total asset turnover is -0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.80.
Conclusion
In summary, Phunware Inc (PHUN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
