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Wednesday, December 6, 2023

This Is Too Hot For Phunware Inc (NASDAQ: PHUN), Let’s Take A Closer Look

After Hours

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. After-hours trades for Phunware Inc (PHUN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0001, or 0.05%, to $0.1839. The Phunware Inc has recorded 38,789 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Phunware Announces Wind Down of Lyte Technology’s Operations to Reinforce Core Mission.

Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $0.18 and fluctuated between $0.1840 as its day high and $0.1776 as its day low. The current market capitalization of Phunware Inc is $24.50M. A total of 1.42 million shares were traded on the day, compared to an average of 1.61M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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, Manlunas Eric sold 25,188 shares of PHUN for 0.30 per share on Aug 31. After the transaction, the Director now owns 50,000 company shares. In a previous transaction on Dec 14, Costello Ryan sold 20,000 shares at 0.92 per share. PHUN shares that Director owns now total 188,776.

Among the insiders who sold shares, KNITOWSKI ALAN S disposed of 259,722 shares on Dec 09 at a per-share price of $0.92. This resulted in the Chief Executive Officer holding 803,713 shares of PHUN after the transaction. In another insider transaction, KNITOWSKI ALAN S sold 115,170 shares at $0.96 per share on Dec 08. Company shares held by the Chief Executive Officer now total 1,138,452.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PHUN in the last 3 months, the mean price target is $0.75 with high estimates of $1.00 and low estimates of $0.50. In terms of 52-week highs and lows, PHUN has a high of $1.68 and a low of $0.17.

As of this writing, PHUN has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.04 in the last quarter, which was 42.90% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PHUN’s latest balance sheet shows that the firm has $23.14M in Cash & Short Term Investments as of fiscal 2021. There were $6.45M in debt and $30.29M in liabilities at the time. Its Book Value Per Share was $0.17, while its Total Shareholder’s Equity was $65.28M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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.

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