Phunware, Inc. (PHUN) Stock: Why It’s Gaining In Value


Phunware, Inc. (PHUN) is making a move up in the market today. The company, focused in the technology space, is presently priced at $2.38 after climbing 14.42% so far in today’s session. As it relates to technology stocks, there are a number of aspects that have the ability to lead to price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding PHUN:

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Jul-16-19 08:33AM Phunware COO to Lead Key OPEX Exchange Conference Panel in Virginia
Jul-15-19 08:33AM Phunware CEO to Present at Southern California Investment Forum in Las Vegas
Jul-10-19 08:33AM Phunware, Inc. to Present at the Fall Investor Summit on September 16th & 17th in New York City at the Essex House
Jul-08-19 08:33AM Phunware to Ring Nasdaq Opening Bell
Jul-02-19 08:33AM Phunware Added to FTSE Russell Microcap® Index

However, when making an investing decision, investors should take a look at far more than news, this is especially the case in the ever evolving technology industry. Here’s what’s happening in regard to Phunware, Inc..

Recent Trends From PHUN

While a single session gain, like the move that we’re seeing from Phunware, Inc. may cause excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to take a look at trends further out than a single session. In the case of PHUN, here are the returns that investors have experienced:

  • Past 7 Days – Over the last 7 days, PHUN has generated a price change amounting to 6.25%.
  • Monthly – The return on investment from Phunware, Inc. in the last month comes to -43.33%.
  • Past Quarter – In the last quarter, the stock has produced a return that comes to -73.93%
  • Past Six Months – In the previous six months, investors have seen a performance that equates to -97.73% from the stock.
  • Year To Date – Since the the last trading session of last year PHUN has produced a ROI of -83.31%.
  • Annually – Lastly, in the last full year, we have seen movement amounting to -76.99% from PHUN. In this period, the stock has sold at a high of -99.57% and a low of 25.26%.

Ratios Worth Paying Attention To

Looking at a few ratios having to do with a company generally gives prospective investors a view of how risky and/or rewarding a stock pick might be. Here are a few of the important ratios to think about when digging into PHUN.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. Throughout the sector, strong tech stocks tend to have a lower short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Phunware, Inc., the stock’s short ratio comes to 0.20.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature with only quick assets or current assets. In the tech space, many companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. However, several good picks in the technology industry do have strong quick and current ratios. As far as 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 share price to the current book value of assets that are owned by the company. In the case of Phunware, Inc., that ratio is 0.36.

Cash To Share Value – The cash to share value comparison 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 is 0.03.

Investors Tend To Follow The Big Money

One thing I have learned so far in my brief period alive, or somewhat alive has been that good investors tend to follow big money. In general, investors that are trying to play it relatively safe will watch moves made by institutional investors and insiders. With that said, what does the big money picture look like in regard to PHUN? Here’s what’s happening:

Institutions own 17.20% of the company. Institutional interest has moved by 2.95% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of PHUN shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Think About Phunware, Inc.

While it’s never a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to use their opinions to validate your own thoughts before making investment decisions in the technology sector. Here are the recent moves that we’ve seen from analysts as it relates to PHUN.

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What We’ve Seen In earnings results

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%.

Looking At Share Counts

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 37.97M 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 33.74M.

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 0.38%.

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