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Sunday, April 2, 2023

There Is A Quest For Clarity Surrounding Phunware Inc. (NASDAQ: PHUN) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Phunware Inc. (PHUN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.022, or 2.89%, to $0.782. The Phunware Inc. has recorded 14,665 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Phunware Sets March 2023 Financial Events Schedule.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.76 and fluctuated between $0.8300 as its day high and $0.7503 as its day low. The current market capitalization of Phunware Inc. is $84.30M. A total of 1.45 million shares were traded on the day, compared to an average of 1.03M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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