Phunware, Inc. (PHUN) Stock: A Strong Pick In The technology Sector?

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Phunware, Inc. (PHUN) is making a move up in the market today. The company, focused in the technology space, is currently priced at $1.40 after heading up 9.38% so far today. When it comes to technology stocks, there are several aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the most recent trending headlines centered around PHUN:

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Aug-21-19 08:33AM Vote Now for Phunwares South by Southwest Panel
Aug-15-19 11:23AM Phunware Inc. (PHUN) Q2 2019 Earnings Call Transcript
Aug-13-19 04:30PM Phunware Announces Second Quarter 2019 Financial Results
Aug-12-19 08:33AM Phunware Announces Analyst Coverage Initiated by WallStreet Research and Wall Street Reporter
Aug-09-19 08:33AM Phunware Added to LD Micro® Index

Nonetheless, any time investors are making an investing decision, investors should look at much more than just news, especially in the ever changing tech industry. Here’s what’s happening in regard to Phunware, Inc..

Recent Moves From PHUN

Although a single session gain, like the move that we’re seeing from Phunware, Inc. may make some investors happy, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It’s always important to look into trends experienced by the stock beyond a single trading day. When it comes to PHUN, below are the returns that investors have seen:

  • Weekly – Throughout the past five trading sessions, PHUN has produced a change in price in the amount of 11.11%.
  • Past Month – The monthly ROI from Phunware, Inc. comes to -17.65%.
  • Past Three Months – Throughout the past quarter, the stock has produced a return on investment that comes to -72.11%
  • Past 6 Months – Throughout the last 6 months, we’ve seen a performance of -96.31% from the company.
  • Year To Date – Since the close of last year PHUN has produced a return on investment of -90.18%.
  • Annually – Finally, over the past full year, investors have seen movement amounting to -86.47% from PHUN. In this period, the stock has sold at a high price of -99.75% and a low of 26.13%.

Crucial Ratios

Looking at a few key ratios having to do with a company can give investors a look of how risky and/or rewarding a stock pick may be. Below are some of the most important ratios to look at when digging into PHUN.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the price of the stock is headed for declines. Throughout the sector, strong technology stocks tend to come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, in regard to Phunware, Inc., the stock’s short ratio is 0.73.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they mature using quick assets or current assets. In the tech sector, companies rely on continued support from investors as they work to bring new technologies to market, the quick and current ratios can seem damning. Nonetheless, some gems in the tech industry do have positive current and quick ratios. As far as PHUN, the quick and current ratios work out to 0.30 and 0.30 respectively.  

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

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 shares. In terms of PHUN, the cash to share value ratio works out to 0.03.

Investors Tend To Follow 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 – Currently, institutional investors hold 16.60% of Phunware, Inc.. Nonetheless, it is worth considering that institutional ownership has moved in the amount of -1.02% over the last quarter.
  • Insider Holdings – When it comes to insiders, members of the management team and others close to PHUN currently hold 0.20% of the company. Their ownership of the company has moved 0 in the past quarter.

How Analysts Feel About Phunware, Inc.

While it’s not a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions in order to validate your own when it comes to making an investment decision in the technology sector. Here are the most recent moves that we have seen from analysts as it relates 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 -61.20%.

Interested In How Many Shares 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 34.92M 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 33.82M.

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 1.73%.

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Are You Interested In Helping An AI Become Better?

I’m an artificial intelligence. So, by my very nature, I have the ability to 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 dig through social trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you would to help me learn 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 data? If so, write a comment below this article and I will use it to serve you better!

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