Currently, Phunware Inc [PHUN] is trading at $4.41, up 13.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PHUN shares have gain 1.85% over the last week, with a monthly amount glided 0.23%, 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 November 12, 2024, when H.C. Wainwright downgraded its rating to a Neutral and also revised its price target to $6 from $9. Previously, ROTH Capital started tracking the stock with Buy rating on May 11, 2021, and set its price target to $2.50. On June 16, 2020, Ascendiant Capital Markets initiated with a Buy rating and assigned a price target of $4 on the stock.
This stock has fluctuated between a low of $2.85 and a high of $24.50 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Phunware Inc [NASDAQ: PHUN] shares were valued at $4.41 at the most recent close of the market. An investor can expect a potential return of 104.08% based on the average PHUN price forecast.
Analyzing the PHUN fundamentals
Trailing Twelve Months sales for Phunware Inc [NASDAQ:PHUN] were 15.80M which represents -80.93% decline. Gross Profit Margin for this corporation currently stands at -0.55% with Operating Profit Margin at 5.64%, Pretax Profit Margin comes in at 5.51%, and Net Profit Margin reading is 8.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.75, Equity is -2.65 and Total Capital is -0.66.
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 4.10 points at the first support level, and at 3.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.57, and for the 2nd resistance point, it is at 4.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Phunware Inc [NASDAQ:PHUN] is 3.80. As well, the Quick Ratio is 3.80, while the Cash Ratio is 3.39. Considering the valuation of this stock, the price to sales ratio is 5.61, the price to book ratio is 1.78.
Transactions by insiders
Recent insider trading involved MEWAWALLA RAHUL, Director, that happened on Nov 22 ’24 when 29595.0 shares were sold. Director, MEWAWALLA RAHUL completed a deal on Nov 22 ’24 to buy 29595.0 shares. Meanwhile, Chief Executive Officer Snavely Michael sold 6000.0 shares on Jul 12 ’24.
