Phunware Inc. (PHUN) Stock: Why It’s Headed For The Bottom

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Phunware Inc. (PHUN) is working its way for to the top in the market today. The stock, focused in the technology sector, is presently trading at $53.55 after tumbling -18.86% so far in today’s session. In terms of technology companies, there are several aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines surrounding PHUN:

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Mar-11-19 04:42PM How Phunware Shares Plunged 90% in February
Mar-07-19 09:00AM Phunware, Inc. to Present at the Spring Investor Summit on April 1st and 2nd in New York City at the Essex House
Feb-28-19 08:30AM Phunware Announces the Appointment of Three New Independent Board Directors
Feb-21-19 04:15PM Firsthand Technology Value Fund Discloses Top Portfolio Holdings
Feb-13-19 07:28PM [$$] How a Nasdaq Loophole Fueled One Stocks Rise of 3,750%

However, when making a decision to invest, investors should focus on far more than news, especially in the ever (changing|evolving) tech industry. Here’s what’s happing when it comes to Phunware Inc..

Recent Movement Out of PHUN

While a decline in a single session, like what we’re seeing from Phunware Inc. may make some investors unhappy, a single session fall alone should not be the basis of a decision to, or not to, invest in a stock. It’s generally important to look at trends for a period longer than a single session. When it comes to PHUN, below are the returns that investors have experienced:

  • Past 5 Sessions – In the last week, PHUN has seen a price change that amounts to 33.54%.
  • Past 30 Days – The monthly returns from Phunware Inc. comes to -44.13%.
  • Past Quarter – In the past three months, the company has produced a return that works out to 410.00%
  • Past Six Months – Over the last 6 months, investors have seen a performance that equates to 416.06% from the stock.
  • YTD – Since the close of last year PHUN has resulted in a return of 275.53%.
  • Annually – Finally, in the last full year, investors have seen performance in the amount of 433.37% from PHUN. In this period of time, the stock has sold at a high price of -90.26% and a low of 484.61%.

Notable Ratios

Digging into various ratios associated with a stock generally gives investors an understanding of just how dangerous and/or potentially profitable a pick may be. Below are some of the key ratios to consider when digging into PHUN.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it shows that more investors have a belief that the stock is headed for declines. Across the sector, strong tech stocks can carry a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, in relation to Phunware Inc., the stock’s short ratio clocks in at 0.97.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure whether or not a company can pay its debts as they mature based on current assets or quick assets. In the tech industry, many companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look bad. However, some better companies in the tech industry do have great current and quick ratios. In terms of PHUN, the quick and current ratios total up to 0.00 and 0.00 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price of the stock. In this case, that ratio comes in at -2.36.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. As it relates to PHUN, the cash to share value is 0.00.

What Institutions And Insiders Think Of Phunware Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PHUN, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutions own 17.00% of PHUN. Nonetheless, it’s important to note that the ownership held by institutions has moved in the amount of 183.73% over the last quarter.
  • Insider Holdings – When it comes to insiders, those close to the company currently hold 2.00% of the company. Their ownership of the company has seen a move of 0 throughout the last quarter.

What Analysts Say About Phunware Inc.

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts in order to validate your own thoughts when it comes to making an investment decision in the tech sector. Below are|Here are} the most recent moves that we’ve seen from analysts with regard to PHUN.

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Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, PHUN has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of -29.80%.

How Many Shares Of PHUN Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 42.64M shares of Phunware Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PHUN has a float of 2.65M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PHUN, the short percent of the float is 0.56%.

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