Phunware Inc. (PHUN) Stock: Here’s What’s Happening

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Phunware Inc. (PHUN) is trending down in the market in today’s trading session. The stock, one that is focused in the tech sector, is currently trading at $6.98 after heading down -9.94% so far today. As it relates to technology companies, there are quite a few factors that have the ability to lead to price movement in the market. One of the most common is news. Here are the most recent trending headlines associated with PHUN:

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Apr-15-19 01:40PM Why Phunware’s Shares Jumped Again Today
09:03AM Phunware cuts 15% of jobs amid wild ride on Nasdaq
07:25AM Phunware Enters Agreement with Endpoint IP to Monetize Mobile Patent Portfolio
Apr-12-19 03:24PM Want Consistency? Learn To Scalp
10:53AM How Phunware’s Shares Doubled in Two Days

However, any time investors are making an investing decision, prospective investors should take a look at far more than just news, this is especially the case in the ever changing tech space. Here’s what’s happening with Phunware Inc..

Recent Movement From PHUN

While a single session decline, like what we’re seeing from Phunware Inc. may lead to fear in some investors, that by itself should not be the basis of a decision to, or not to, invest in a company. It is generally smart to look into trends experienced by the stock further out than a single trading session. As it relates to PHUN, here are the returns on investment that we have seen:

  • Past 7 Days – In the last 5 trading sessions, PHUN has seen a change in price amounting to 33.72%.
  • Monthly – The ROI from Phunware Inc. in the past 30 days comes to -83.18%.
  • Past Quarter – Throughout the past quarter, the stock has produced a return that comes to -94.98%
  • Past 6 Months – Throughout the past 6 months, investors have seen a change of -33.14% from the stock.
  • This Year So Far – Since the open of this year PHUN has produced a ROI of -51.05%.
  • Full Year – Lastly, throughout the past full year, we’ve seen movement that works out to -30.96% out of PHUN. Throughout this period of time, the stock has traded at a high of -98.73% and a low of 39.60%.

Key Ratios

Looking at a few key ratios having to do with a stock generally gives prospective traders a look of just how risky and/or potentially profitable a pick may be. Below are a few of the most important ratios to consider when looking at PHUN.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. As the short ratio heads up, it means that more investors are expecting that the price of the stock is going to tumble. Throughout the sector, strong technology stocks can have a lower short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, in relation to Phunware Inc., the stock’s short ratio comes to 0.10.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure If a company is able to pay its debts as they mature with only current assets or quick assets. In the tech industry, many companies rely heavily on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem bad. Nonetheless, several good picks in the technology industry come with strong quick and current ratios. When it comes to PHUN, the quick and current ratios add up to 0.00 and 0.00 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. as it relates to Phunware Inc., the book to share value ratio is 1.77.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio works out to 0.00.

Smart Money Follows Big Money

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:

  • Institutions – At the moment, institutional investors own 16.70% of PHUN. However, it is worth considering that the ownership held by institutions has changed in the amount of 0 throughout the last quarter.
  • Insider Holdings – As far as insiders go, members of the management team and others close to PHUN currently own 2.40% of Phunware Inc.. Insider ownership of the company has moved 0 over the last quarter.

Analyst Opinions With Regard To Phunware Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis to validate your own opinions before making an investment decision in the technology industry. Here are the recent moves that we’ve seen from analysts when it comes 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 -242.20% and revenue has seen movement of 26.60%.

How Many Shares Of PHUN Are Available?

Traders tend to have an interest in the counts of shares both available and outstanding. In terms of Phunware Inc., currently there are 36.85M with a float of 23.45M. These numbers mean that of the total of 36.85M shares of PHUN that are out there today, 23.45M are able to be traded by the public.

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 0.18%.

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I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was developed by a human and human beings play a crucial role in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but I learn much faster when I have a teacher. If you would to teach me something, I’d love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at information? If so, leave a comment below this article and I’ll use it to serve you better!

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