Phunware Inc (NASDAQ:PHUN) shares, rose in value on Wednesday, June 18, with the stock price down by -4.40% to the previous day’s close as strong demand from buyers drove the stock to $3.04.
Actively observing the price movement in the last trading, the stock closed the session at $3.18. Referring to stock’s 52-week performance, its high was $14.60, and the low was $2.22. On the whole, PHUN has fluctuated by -0.33% over the past month.
With the market capitalization of Phunware Inc currently standing at about $61.32 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PHUN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PHUN currently trading nearly -2.74% and 2.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.73, while the 7-day volatility ratio is showing 5.13% which for the 30-day chart, stands at 5.62%. Furthermore, Phunware Inc (PHUN)’s beta value is 2.40, and its average true range (ATR) is 0.21.
A comparison of Phunware Inc (PHUN) with its peers suggests the former has fared considerably weaker in the market. PHUN showed an intraday change of -4.40% in last session, and over the past year, it shrunk by -45.23%%.
Data on historical trading for Phunware Inc (NASDAQ:PHUN) indicates that the trading volumes over the past 3 months, they’ve averaged 257.89K. According to company’s latest data on outstanding shares, there are 20.17 million shares outstanding.
Nearly 0.55% of Phunware Inc’s shares belong to company insiders and institutional investors own 13.17% of the company’s shares. The stock has fallen by -41.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PHUN stock heading into the next quarter.
