Phunware, Inc. (PHUN) Stock: Here’s Why It’s Down

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Phunware, Inc. (PHUN) is trending down in the market in today’s trading session. The company, focused on the tech industry, is currently trading at $1.71 after falling -5.00% so far in today’s session. In terms of tech stocks, there are quite a few factors that have the potential to cause movement in the market. One of the most common is news. Here are the most recent trending headlines relating to PHUN:

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Aug-09-19 08:33AM Phunware Added to LD Micro® Index
Aug-08-19 08:33AM Phunware Announces Partnership with Comport for Best-in-Class Mobile Patient Experience
Aug-07-19 08:33AM Phunware to Announce Second Quarter 2019 Results and Provide a Business Update on Tuesday, August 13, 2019
Aug-06-19 11:31AM Phunware Appoints Sean Koh to Advisory Board
08:28AM Phunware Partners with L&T Technology Services to Launch Phunware-Enabled Corporate Campus for Fortune 50 Company

However, any time investors are making a decision with regard to investing, investors should look at much 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 Movement Out of PHUN

Although a move toward the top in a single session, like the move that we’re seeing from Phunware, Inc. may cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a company. It’s always important to look into trends experienced by the stock further out than a single trading day. In the case of PHUN, here are the trends that we’ve seen:

  • Past 5 Trading Sessions – In the past 5 trading sessions, PHUN has seen a change in value that amounts to 5.88%.
  • Monthly – The monthly ROI from Phunware, Inc. works out to -13.04%.
  • Quarterly – Throughout the past three months, the stock has produced a ROI that comes to -74.65%
  • Bi-Annually – Throughout the last 6 months, we have seen a change of -98.50% from the stock.
  • This Year So Far – Since the close of last year PHUN has resulted in a return on investment of -87.38%.
  • Full Year – Lastly, throughout the last full year, we’ve seen performance amounting to -82.58% from PHUN. In this period, the stock has traded at a high of -99.69% and a low of 24.82%.

Important Ratios

Digging into a few ratios associated with a company generally gives prospective investors an understanding of how dangerous and/or rewarding a pick might be. Here are some of the key ratios to look at when digging into PHUN.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. The higher this ratio, the more investors believe that the stock is going to go down. Throughout the sector, strong technology stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, in regard to Phunware, Inc., the stock’s short ratio comes to 0.40.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure whether or not a company can pay for its debts when they come due with only current assets or quick assets. In the technology industry, several companies rely on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be bad. However, several gems in the technology space come with great current and quick ratios. When it comes to PHUN, the quick and current ratios total up to 0.30 and 0.30 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this case, the book to share value ratio works out to 0.36.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value ratio works out to 0.03.

Big Money And 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:

Institutions own 17.30% of the company. Institutional interest has moved by 3.05% 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.

How Analysts Feel About Phunware, Inc.

Although it’s rarely a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence before making investment decisions in the technology sector. Here are the recent moves that we’ve seen from analysts when it comes to PHUN.

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What We’ve Seen In Financial Results

What have ween seen from PHUN in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, analysts have expectations that PHUN will generate earnings per diluted share that totals up to be 0, with 0 to be reported in the earnings report for the current quarter. Although this isn’t tide to earnings, since we’re talking about Wall St. analysts, Phunware, Inc. is presently graded as a 0 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the past 5 years, Phunware, Inc. has generated a movement in sales volume in the amount of 0. Earnings per share through the past 5 years have generated a change of 0.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in today’s society, PHUN has generated a earnings change by 0. The company has also experienced movement in regard to revenue that comes to a total of 6.70%.

What’s The Float Looking Like?

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 40.80M 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 0.80%.

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Do You Care To Teach An Artificial Intelligence?

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

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