Phunware Inc [PHUN] stock is trading at $10.60, up 25.00%. 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 56.57% over the last week, with a monthly amount glided 223.17%, and seem to be holding up well over a long-time horizon.
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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.
Phunware Inc [PHUN] stock has fluctuated between $2.85 and $24.50 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Phunware Inc [NASDAQ: PHUN] shares were valued at $10.60 at the most recent close of the market. An investor can expect a potential return of 46.23% based on the average PHUN price forecast.
Analyzing the PHUN fundamentals
Phunware Inc [NASDAQ:PHUN] reported sales of 15.80M for the trailing twelve months, which represents a drop of -78.70%. Gross Profit Margin for this corporation currently stands at -1.27% with Operating Profit Margin at 24.52%, Pretax Profit Margin comes in at 24.52%, and Net Profit Margin reading is 31.91%. To continue investigating profitability, this company’s Return on Assets is posted at -2.03, Equity is -7.88 and Total Capital is -2.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 9.59 points at the first support level, and at 8.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.18, and for the 2nd resistance point, it is at 11.75.
Ratios To Look Out For
For context, Phunware Inc’s Current Ratio is 2.82. Further, the Quick Ratio stands at 2.82, while the Cash Ratio is 2.65. Considering the valuation of this stock, the price to sales ratio is 7.61, the price to book ratio is 6.48.
Transactions by insiders
Recent insider trading involved Snavely Michael, Chief Executive Officer, that happened on Jul 12 ’24 when 6000.0 shares were sold. Chief Executive Officer, Snavely Michael completed a deal on Jun 13 ’24 to buy 3814.0 shares. Meanwhile, Chief Executive Officer Snavely Michael sold 6000.0 shares on Jun 13 ’24.
