Phunware Inc (PHUN) is looking forward to a strong quarter

With 25.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.64 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $17.99 whereas the lowest price it dropped to was $13.06. The 52-week range on PHUN shows that it touched its highest point at $48.00 and its lowest point at $3.50 during that stretch. It currently has a 1-year price target of $43.12. Beta for the stock currently stands at 2.41.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PHUN was up-trending over the past week, with a rise of 77.56%, but this was down by -13.89% over a month. Three-month performance surged to 134.39% while six-month performance rose 5.03%. The stock lost -68.80% in the past year, while it has gained 259.02% so far this year. A look at the trailing 12-month EPS for PHUN yields -0.37 with Next year EPS estimates of -4.62. For the next quarter, that number is -2.00. This implies an EPS growth rate of 41.67% for this year and 68.91% for next year.

Float and Shares Shorts:

At present, 193.03 million PHUN shares are outstanding with a float of 188.76 million shares on hand for trading. On Feb 15, 2024, short shares totaled 0.36 million, which was 4.62% higher than short shares on Jan 12, 2024. In addition to Mr. Christopher D. Olive as the firm’s Executive VP, General Counsel & Chief Legal Officer, Mr. Michael Snavely serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 5.06% of PHUN’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PHUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PHUN has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PHUN currently yields $0.00. In the past year, PHUN’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PHUN has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.

Summary of Insider Activity:

Insiders traded PHUN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.