Phunware Inc. (NASDAQ:PHUN) does about 4.93M shares in volume on a normal day but saw 2426058 shares change hands in Friday trading. The company now has a market cap of 53.40M USD and an enterprise value of about $58.98M. Its current market price is $1.21, marking a decrease of -1.22% compared to the previous close of $1.23. The 52 week high reached by this stock is $3.00 whilst the lowest price level in 52 weeks is $0.54. The script in recent trading has seen the stock touch a high of $1.26 and a low of $1.19.
Phunware Inc. (PHUN) has a 20-day trading average at $1.4783 and the current price is -59.67% off the 52-week high compared with 124.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3893 and its 200-day simple moving average is $1.1010. If we look at the stock’s price movements over the week, volatility stands at 9.23%, which increases to 10.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.77 to suggest the stock is neutral.
2 analysts observing the Phunware Inc. (PHUN) stock have set the 12-month price targets for the company’s shares at between $2.00 and $4.25. The median price target is 61.34% away from the current levels at $3.13.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 16, 2020 when Ascendiant Capital Markets initiated the stock to “Buy” and issued a price target of $4.
The current price level is -18.97%, -12.84%, and 9.73% away from its SMA20, SMA50, and SMA200 respectively, with the PHUN price moving above the 50-day SMA on August 21. Phunware Inc. (PHUN) stock is down -11.03% over the week and -22.93% over the past month. Its price is 1.68% year-to-date and -5.47% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.08 above consensus estimates by $0.01. Expected sales for next quarter are $3.14 million, which analysts say will come at $10.76 million for the current fiscal year and next year at $15.01 million. In addition, estimates put the company’s current quarterly revenue at an average of $2.77 million.
Its 12-month price target is $3.13. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $4.25.
Outstanding shares total 41.87M with insiders holding 48.01% of the shares and institutional holders owning 27.53% of the company’s common stock. The company has a return on investment of -241.50% and return on equity of -445.60%. Price to book ratio is 121.00 and price to sales ratio is 4.05.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has reduced its position in Phunware Inc. (PHUN) to 394,501 shares, mirroring a recent drop by 0.00%. Vanguard Extended Market Index Fu dumped 0.0 shares of Phunware Inc. common stock bringing its total worth to about $0.59 million at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Small Cap Index Fund, which added 14443.0 shares to end up with 170,349 shares worth $0.25 million. Fidelity Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.20% position in Phunware Inc. thanks to 82063.0 shares amounting to $0.12 million.