Have Analysts Changed Their Mind About Camber Energy Inc. (CEI), Phunware Inc. (PHUN)

Camber Energy Inc. (AMEX: CEI) shares are -71.20% down in the year-to-date (YTD) period and have moved -8.33% or -$0.05 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +1.85% lower. Comparatively, the stock is -86.59% down YTD and -60.14% over the trailing 3-month period. If we look at the shorter duration, its week performance is -11.29% and -36.11% over the month.

Analyst Recommendations

1 of the 1 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 0 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $0.55. The forecasts give the Camber Energy Inc. stock a price target range of $781250.00 on the higher side while at least one analyst think the stock could plunge to a low of $781250.00. The two limits represent an upside potential of 100.0% or 100.0%.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 0 over the last 12 months, while SEC filings reveal that there have been 0 insider sales over the same period. Insiders have purchases 0 shares while those sold by company executives and officers stand at 0. The last 3 months have seen insiders trade a total of 0 and 0 in purchases and sales respectively.

Phunware Inc. (NASDAQ:PHUN), on the other hand, is trading around $1.08 with a market cap of $47.52M and analyst research firms have a positive stance on its shares. Some analysts are even forecasting -$0.33 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Phunware Inc. (PHUN) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

PHUN’s operating margin was negative on the trailing 12 months basis, remaining steady at -99.20%, while the operating expenses over the recent quarter were at $5.18 million. This represented a -134.21% of the company’s total revenues which amounted $2.21 million. With this in place, we can see that the company’s diluted EPS declined -$0.08 on the year-over-year period, shrinking to -$0.08 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $28.22 million from $28.84 million over the previous quarter. The cash flow from operating activities totaled -$4.75 million, significantly higher than the -$5.87 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$4.75 million.

Insider activity

Insiders have transacted a total of 0 times at Phunware Inc. over the last 6 months, with insider purchases undertaken 0 times and accounting for 0 shares. Insider sales totaled 0 shares over the same period, with these deals completed in 0 transactions. Looking at these numbers, we realize that net purchases over that period are 0.0 shares. Insiders now hold a total of 20.94M shares after the latest sales, with 6.10% net shares purchased.

Major holders

Insiders own 6.20% of the company shares, while shares held by institutions stand at 11.50% with a share float percentage of 37.90M. Investors are also buoyed by the number of investors in a company, with Phunware Inc. having a total of 57 institutions that hold shares in the company. The top two institutional holders are TCTC Holdings, LLC with over 0.48 million shares worth more than $0.58 million. As of Jun 29, 2020, TCTC Holdings, LLC held 1.09% of shares outstanding.

The other major institutional holder is Millennium Management LLC, with the investment firm holding over 0.4 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $0.5 million and represent 0.93% of shares outstanding.