The trading price of Phunware, Inc. (NASDAQ:PHUN) floating lower at last check on Tuesday, Feb 23, closing at $2.32, -16.81% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.7100 and $2.0600. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $3.34 and a 52-week low of $0.54. Over the past month, the stock has gained 79.84% in value.
On the technical side, indicators suggest PHUN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 75% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PHUN a recommendation rating is 2. Out of them, no one rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Phunware, Inc. (PHUN) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that PHUN’s price is currently -18.51% off the SMA20 and 18.6% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.77, and weekly volatility stands at 12.97%. When measured over the past 30 days, the indicator reaches 18.13%. Phunware, Inc. (NASDAQ:PHUN)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.37. With analysts defining $1.3-$4.5 as the low and high price targets, we arrive at a consensus price target of $2.9 for the trailing 12-month period. The current price is about -32.64% off the estimated low and 133.16% off the forecast high, based on this estimate. Investors will be thrilled if PHUN’s share price rises to $2.9, which is the median consensus price. At that level, PHUN’s share price would be +50.26% above current price.
To see how Phunware, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: PHUN stock’s performance was -16.81% at last check in today’s session, and +88.62% in the past year, while Paypal Holdings (PYPL) has been trading -4.85% in recent session and positioned +129.18% higher than it was a year ago. Another comparable company Square (SQ) saw its stock trading -6.28% lower in today’s session but was up +221.09% in a year. Furthermore, Zoom Video Communications Cl A (ZM) showed a decline of -16.81% today while its price kept rising at 88.62% over the past year. Phunware, Inc. has a P/E ratio of 0, compared to Paypal Holdings 77.4 and Square’s 579.01. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.
An evaluation of the daily trading volume of Phunware, Inc. (NASDAQ:PHUN) indicates that the 3-month average is 13.42 Million. However, this figure has increased over the past 10 days to an average of 14.11 Million.
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Currently, records show that 59.15 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 12.44% of outstanding shares, whereas institutions hold 4.43%. The stats also highlight that short interest as of January 28, 2021, stood at 3.55 Million shares, resulting in a short ratio of 0.23 at that time. From this, we can conclude that short interest is 7.22% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 3.15 Million. However, since the stock’s price has seen +84.13% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.