At the time of writing, Phunware Inc [PHUN] stock is trading at $12.41, up 75.28%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PHUN shares have gain 41.02% over the last week, with a monthly amount drifted -28.08%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Phunware Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 4:30 PM ET. In a post published today on Yahoo Finance, Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or “the Company”), the leading provider of patented wayfinding and mobile engagement solutions for mobile that enables brands to engage, manage and monetize anyone anywhere, will hold a conference call on Tuesday, March 12, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023. Financial results will be issued in a press release prior to the call.
From an analyst’s perspective:
Phunware Inc [NASDAQ: PHUN] stock has seen the most recent analyst activity on May 11, 2021, when ROTH Capital initiated its Buy rating and assigned the stock a price target of $2.50. Previously, Ascendiant Capital Markets started tracking the stock with Buy rating on June 16, 2020, and set its price target to $4.
For the past year, the stock price of Phunware Inc fluctuated between $3.50 and $48.68. Phunware Inc [NASDAQ: PHUN] shares were valued at $12.41 at the most recent close of the market.
Analyzing the PHUN fundamentals
According to Phunware Inc [NASDAQ:PHUN], the company’s sales were 15.80M for trailing twelve months, which represents an -41.32% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -2.59%, Pretax Profit Margin comes in at -2.57%, and Net Profit Margin reading is -2.42%. To continue investigating profitability, this company’s Return on Assets is posted at -1.37, Equity is -2.15 and Total Capital is -4.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.32 points at the first support level, and at 4.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.69, and for the 2nd resistance point, it is at 20.98.
Phunware Inc [PHUN] reported earnings per share of -$8 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.75/share, meaning a difference of -$5.25 and a surprise factor of -190.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$3 per share as compared to estimates of -$3 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Phunware Inc [NASDAQ:PHUN] has a current ratio of 0.30. Further, the Quick Ratio stands at 0.25, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 151.61, the price to book ratio is 243.38.
Transactions by insiders
Recent insider trading involved Snavely Michael, Chief Executive Officer, that happened on Jan 17 when 273.0 shares were sold. Director, Manlunas Eric completed a deal on Aug 31 to sell 25188.0 shares.
