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Wednesday, March 22, 2023

Phunware Inc. (NASDAQ: PHUN) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Phunware Inc. (PHUN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 1.16%, to $0.875. The Phunware Inc. has recorded 11,254 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Phunware Sets March 2023 Financial Events Schedule.


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Stocks Info

Phunware Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $0.87 and fluctuated between $0.9050 as its day high and $0.8650 as its day low. The current market capitalization of Phunware Inc. is $87.78M. A total of 0.55 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PHUN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

In the most recent transaction, Costello Ryan sold 20,000 shares of PHUN for 0.92 per share on Dec 14. After the transaction, the Director now owns 188,776 company shares. In a previous transaction on Dec 09, KNITOWSKI ALAN S sold 259,722 shares at 0.92 per share. PHUN shares that Chief Executive Officer owns now total 803,713.

Among the insiders who sold shares, KNITOWSKI ALAN S disposed of 115,170 shares on Dec 08 at a per-share price of $0.96. This resulted in the Chief Executive Officer holding 1,138,452 shares of PHUN after the transaction. In another insider transaction, Manlunas Eric sold 16,080 shares at $1.13 per share on Nov 18. Company shares held by the Director now total 102,361.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PHUN in the last 3 months, the mean price target is $3.44 with high estimates of $5.00 and low estimates of $2.50. In terms of 52-week highs and lows, PHUN has a high of $3.03 and a low of $0.75.

As of this writing, PHUN has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.17 in the last quarter, which was -240.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PHUN is Buy with a score of 4.67. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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