At the time of writing, Phunware Inc [PHUN] stock is trading at $1.94, up 0.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The PHUN shares have gain 8.99% over the last week, with a monthly amount drifted -3.48%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Phunware Inc fluctuated between $1.77 and $6.29. Currently, Wall Street analysts expect the stock to reach $9.83 within the next 12 months. Phunware Inc [NASDAQ: PHUN] shares were valued at $1.94 at the most recent close of the market. An investor can expect a potential return of 406.7% based on the average PHUN price forecast.
Analyzing the PHUN fundamentals
According to Phunware Inc [NASDAQ:PHUN], the company’s sales were 2.36M for trailing twelve months, which represents an -6.47% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -7.41%, Pretax Profit Margin comes in at -5.04%, and Net Profit Margin reading is -5.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.12 and Total Capital is -0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.9100 points at the first support level, and at 1.8800 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9600, and for the 2nd resistance point, it is at 1.9800.
Ratios To Look Out For
It is important to note that Phunware Inc [NASDAQ:PHUN] has a current ratio of 17.03. On the other hand, the Quick Ratio is 17.03, and the Cash Ratio is 16.86. Considering the valuation of this stock, the price to sales ratio is 16.59, the price to book ratio is 0.40.
