Phunware Inc (NASDAQ:PHUN) does about 237.00K shares in volume on a normal day but saw 1120271 shares change hands in the recent trading day. The company now has a market cap of 74.83M USD. Its current market price is $3.71, marking an increase of 14.15% compared to the previous close of $3.25. The 52 week high reached by this stock is $14.60 whilst the lowest price level in 52 weeks is $2.22. The script in recent trading has seen the stock touch a high of $4.5 and a low of $3.
2 analysts observing the Phunware Inc (PHUN) stock have set the 12-month price targets for the company’s shares at between $3 and $4.5. The consensus objective for the share price is $6.44, suggesting that the stock has a potential upside of 42.39% over the period. The median price target is 1.07% away from the current levels at $3.75.
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 Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 12, 2024 when H.C. Wainwright downgraded the stock to “Neutral” and issued a price target of between $9 and $6. Ascendiant Capital Markets initiated its price target at $4.
The current price level is 20.10%, 27.32%, and -9.10% away from its SMA20, SMA50, and SMA200 respectively, with the PHUN price moving below the 50-day SMA on current market day. Phunware Inc (PHUN) stock is up 24.92% over the week and 22.44% over the past month. Its price is -28.65% year-to-date and -34.91% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.14 and -0.61 for whole year. Expected sales for next quarter are $812.5k, which analysts say will come at $3.22M for the current fiscal year and next year at $4.85M. In addition, estimates put the company’s current quarterly revenue at an average of $726.5k.
Its 12-month price target is $3.75. To reach the target analysts have set, the stock logically needs to grow 42.39 percent from here. 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 $3, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $4.5.
Outstanding shares total 20.17M with insiders holding 0.68% of the shares and institutional holders owning 13.18% of the company’s common stock. The company has a return on investment of -11.28% and return on equity of -19.87%. The beta has a value of 2.40. Price to book ratio is 0.72 and price to sales ratio is 25.28.
