Phunware Inc (NASDAQ: PHUN) is 144.15% higher on its value in year-to-date trading and has touched a low of $3.50 and a high of $39.35 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 $10.33 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $10.01, the stock is -0.15% and -20.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -3.10% at the moment leaves the stock -24.84% off its SMA200. PHUN registered -73.82% loss for a year compared to 6-month gain of -15.17%. The firm has a 50-day simple moving average (SMA 50) of $17.21 and a 200-day simple moving average (SMA200) of -$2.07.
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The stock witnessed a -24.25% loss in the last 1 month and extending the period to 3 months gives it a 154.38%, and is 14.14% 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 13.52% over the week and 22.78% over the month.
Phunware Inc (PHUN) has around 25 employees, a market worth around $38.64M and $15.80M in sales. Profit margin for the company is -257.36%. Distance from 52-week low is 186.00% and -74.56% 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.The EPS is expected to grow by 90.58% this year, but quarterly earnings will post -77.80% year-over-year.
38 institutions hold shares in Phunware Inc (PHUN), with institutional investors hold 5.38% of the company’s shares. The shares float is at 3.79M with Short Float at 55.92%. Institutions hold 4.96% 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
The most recent transaction is an insider purchase by Snavely Michael, the company’s Chief Executive Officer. SEC filings show that Snavely Michael bought 2,500 shares of the company’s common stock on Mar 14 ’24 at a price of $9.04 per share for a total of $22600.0. Following the purchase, the insider now owns 23143.0 shares.
Phunware Inc disclosed in a document filed with the SEC on Mar 14 ’24 that Reisner Troy Lee (Chief Financial Officer) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $8.76 per share for $17514.0. Following the transaction, the insider now directly holds 14000.0 shares of the PHUN stock.
Still, SEC filings show that on Jan 17 ’24, Snavely Michael (Chief Executive Officer) disposed off 273 shares at an average price of $0.16 for $44.0. The insider now directly holds 1,177,136 shares of Phunware Inc (PHUN).
