Phunware Inc (NASDAQ: PHUN) is 259.02% higher on its value in year-to-date trading and has touched a low of $3.50 and a high of $48.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PHUN stock was last observed hovering at around $12.41 in the last trading session, with the day’s gains setting it 2.31%.
Currently trading at $14.72, the stock is 9.04% and 32.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.99 million and changing 18.61% at the moment leaves the stock 1.31% off its SMA200. PHUN registered -68.80% loss for a year compared to 6-month gain of 5.03%. The firm has a 50-day simple moving average (SMA 50) of $7.71 and a 200-day simple moving average (SMA200) of -$3.16.
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The stock witnessed a -13.89% loss in the last 1 month and extending the period to 3 months gives it a 134.39%, and is 77.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 38.35% over the week and 21.16% over the month.
Phunware Inc (PHUN) has around 106 employees, a market worth around $2.84B and $15.80M in sales. Profit margin for the company is -257.36%. Distance from 52-week low is 320.57% and -69.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-458.76%).
Phunware Inc quarterly earnings per share for the current quarter are estimated at -$2 with sales reaching $2.1M over the same period.The EPS is expected to grow by 41.67% this year, but quarterly earnings will post -39.80% year-over-year. Quarterly sales are estimated to shrink -56.00% in year-over-year returns.
Phunware Inc (PHUN) Top Institutional Holders
38 institutions hold shares in Phunware Inc (PHUN), with institutional investors hold 5.49% of the company’s shares. The shares outstanding are 193.03M, and float is at 188.76M with Short Float at 0.19%. Institutions hold 5.06% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 5.29 million shares valued at $2.86 million. The investor’s holdings represent 4.39% of the PHUN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 1.11 million shares valued at $0.6 million to account for 0.92% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.94 million shares representing 0.79% and valued at over $0.51 million, while Morgan Stanley holds 0.27% of the shares totaling 0.33 million with a market value of $0.18 million.
Phunware Inc (PHUN) Insider Activity
A total of 0 insider transactions have happened at Phunware Inc (PHUN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Snavely Michael,the company’sChief Executive Officer. SEC filings show that Snavely Michael sold 273 shares of the company’s common stock on Jan 17 at a price of $0.16 per share for a total of $44.0. Following the sale, the insider now owns 1.18 million shares.
Phunware Inc disclosed in a document filed with the SEC on Aug 31 that Manlunas Eric (Director) sold a total of 25,188 shares of the company’s common stock. The trade occurred on Aug 31 and was made at $0.30 per share for $7488.0. Following the transaction, the insider now directly holds 50000.0 shares of the PHUN stock.
