The growth track for Phunware Inc (PHUN) has changed recently

With 19.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.68 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $9.79 whereas the lowest price it dropped to was $8.4. The 52-week range on PHUN shows that it touched its highest point at $24.50 and its lowest point at $2.85 during that stretch. It currently has a 1-year price target of $13.67. Beta for the stock currently stands at 2.54.

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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 down-trending over the past week, with a drop of -25.43%, but this was up by 153.80% over a month. Three-month performance surged to 95.94% while six-month performance rose 31.52%. The stock lost -0.23% in the past year, while it has gained 111.71% so far this year. A look at the trailing 12-month EPS for PHUN yields -18.36 with Next year EPS estimates of -0.82. For the next quarter, that number is -0.26. This implies an EPS growth rate of 93.59% for this year and 27.14% for next year.

Float and Shares Shorts:

At present, 11.34 million PHUN shares are outstanding with a float of 11.23 million shares on hand for trading. On 2024-10-15, short shares totaled 1.27 million, which was 1119.99996 higher than short shares on 1726185600. In addition to Mr. Troy Lee Reisner as the firm’s Chief Financial Officer, Mr. Christopher D. Olive serves as its Executive VP, General Counsel & Chief Legal Officer.

Institutional Ownership:

Through their ownership of 0.07594 of PHUN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PHUN reported revenue of $1011000.0 and operating income of -$2934000.0. The EBITDA in the recently reported quarter was -$2623000.0 and diluted EPS was -$0.0064.

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.