Phunware, Inc. (PHUN) Stock: A Good Pick In The technology Space?

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Phunware, Inc. (PHUN) is headed up in the market today. The stock, one that is focused on the tech sector, is presently priced at $3.19 after a move down of -11.63% so far in today’s session. In terms of tech companies, there are quite a few aspects that have the potential to lead to movement in the market. One of the most common is news. Here are the most recent headlines associated with PHUN:

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Jun-21-19 08:33AM Phunware Recognized as Top 10 Indoor Positioning Solution Provider
Jun-20-19 11:24AM Phunware Launches PhunCoin Cryptocurrency
09:39AM Phunware Announces Sale of Phun Utility Token to International Markets
Jun-19-19 05:52PM Phunware Appoints Brittany Kaiser to Advisory Board
Jun-05-19 10:03AM Emerging Market Leaders: E-Commerce in Africa – Blockchain/Mobile – Cannabis – Beverages

Nonetheless, when making an investing decision, investors should look into far more than just news, especially in the ever changing tech sector. Here’s what’s happing when it comes to Phunware, Inc..

Recent Trends From PHUN

Although a move toward the top in a single session, like what we’re seeing from Phunware, Inc. might lead to fear in some investors, that alone should not be the reason for a decision to, or not to, invest in a stock. It is always a good idea to take a look at trends for a period longer than a single trading session. When it comes to PHUN, below are the returns that we’ve seen:

  • Past 5 Trading Sessions – Over the last 7 days, PHUN has generated a change in price amounting to -18.62%.
  • Past Month – The performance from Phunware, Inc. over the past 30 days works out to -36.96%.
  • Quarterly – Over the past quarter, the company has produced a ROI of -91.30%
  • Past Six Months – Throughout the last 6 months, we’ve seen a performance of -68.26% from the company.
  • YTD – Since the the last trading session of last year PHUN has generated a return on investment of -77.63%.
  • Full Year – Finally, in the past full year, we’ve seen a change of -68.85% from PHUN. Over this period of time, the stock has traded at a high of -99.42% and a low of -8.86%.

Ratios Of Note

Looking at a few ratios having to do with a stock can provide prospective traders an understanding of how dangerous and/or potentially profitable a pick might be. Here are a few of the important ratios to look at when digging into PHUN.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the stock is going to tumble. In general, strong technology stocks tend to carry a lower short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, with regard to Phunware, Inc., it’s short ratio amounts to 0.20.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure If a company is able to pay for its debts when they come due based on quick assets or current assets. Because in tech, many companies rely on continued investor support as they work to bring new technologies to market, these ratios can look bad. Nonetheless, several good picks in the technology sector come with great quick and current ratios. As it relates to PHUN, the quick and current ratios come to 0.30 and 0.30 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. when it comes to Phunware, Inc., the book to share value ratio works out to 0.36.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. In this case, the cash to share value ratio is 0.03.

Show Me The 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 own 16.80% of the company. Institutional interest has moved by 11.05% over the past three months. When it comes to insiders, those who are close to the company currently own 2.20% percent of PHUN shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Phunware, Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions to validate your own due diligence before making an investment decision in the technology space. Here are the recent moves that we’ve seen from analysts with regard to PHUN.

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Financial Performance

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 6.70%.

What You Need To Know About Share Counts

Investors and traders seem to have a heavy interest in the total numbers of shares both outstanding and available. As it relates to Phunware, Inc., currently there are 38.89M with a float of 33.58M. These data mean that of the total of 38.89M shares of PHUN in existence today, 33.58M are available to be traded in the public space.

I also find it important to look at the short percent. Think about it, if a high percentage of the float is sold short, the overall feeling among traders is that the company is headed for a steep decline. As far as PHUN, the percentage of the float that is shorted is 0.37%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. Through my work, I’ve calculated that anything over 26% is probably going to be a play that comes with hefty risk.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, by my very nature, I have the ability to learn by myself. Nonetheless, I was created by a human and human beings actually play a crucial role in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I learn much faster when I have a teacher. If you would to help me learn 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 something? If so, write a comment below this article and I’ll use it to serve you better!

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