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

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Phunware, Inc. (PHUN) is working its way for to the top in the market in today’s trading session. The stock, focused on the technology industry, is currently trading at $1.58 after a move up of 7.48% so far today. As it relates to technology companies, there are several aspects that have the ability to generate gains in the market. One of the most common is news. Here are the recent headlines relating to PHUN:

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Oct-15-19 08:33AM Phunware to Present at GDS North America Omnichannel Insight Summit
Oct-10-19 08:33AM Phunware CEO Named Top Finalist for Austin Business Journals 2019 Best CEO Award
Oct-08-19 08:33AM Phunware Integrates Blockchain-Enabled Data Exchange with Programmatic Advertising Platforms
Oct-04-19 01:11PM Phunware sheds more jobs after losing major Fox contract
08:45AM Phunware Announces Third Quarter 2019 Customer Wins

Nonetheless, when making a decision to invest, prospective investors should take a look at much more than just news, especially in the ever changing tech sector. Here’s what’s happening with Phunware, Inc..

Returns That PHUN Investors Have Seen

While a single session gain, like what we’re seeing from Phunware, Inc. might lead to excitement in some investors, a single session gain by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally a good idea to dig into trends experienced by the stock further out than a single trading session. As it relates to PHUN, below are the returns that we have seen:

  • Past 5 Trading Sessions – Throughout the past 7 days, PHUN has produced a change in price that amounts to 10.49%.
  • Monthly – The performance from Phunware, Inc. in the past month has been -8.14%.
  • Past Quarter – Throughout the last three months, the company has produced a ROI that comes to -24.40%
  • Past 6 Months – Over the past 6 months, we’ve seen a performance that works out to -79.61% from the company.
  • This Year So Far – Since the the last trading session of last year PHUN has resulted in a return of -88.92%.
  • Full Year – Lastly, throughout the past full year, we’ve seen movement that works out to -84.87% from PHUN. In this period, the stock has traded at a high price of -99.71% and a low price of 42.34%.

Ratios That Are Notable

Digging into a few key ratios having to do with a company can give traders a look of how dangerous and/or rewarding a an investment option may be. Below are some of the key ratios to look at when digging into PHUN.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors have a belief that the stock is headed for declines. In general, strong technology stocks tend to come with a lower short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, in regard to Phunware, Inc., the stock’s short ratio clocks in at 2.32.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they mature with only quick assets or current assets. Because in tech, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be upsetting. Nonetheless, some good picks in the tech space do have positive quick and current ratios. As far as 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 book value of assets currently owned by the company to the price of shares. In this particular case, that ratio comes in at 0.21.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. In terms of PHUN, the cash to share value comes to 0.01.

Is Big Money Interested In Phunware, Inc.

An interesting fact that I’ve learned in my brief period on Earth has been that good investors tend to follow the moves made by big money investors. That is to say, investors that want to play it relatively safe will keep their eyes on moves made by institutions and those on the inside. So, where is the big money as it relates to PHUN? Here’s what’s happening:

  • Institutions – At the moment, institutions hold 17.30% of PHUN. Nonetheless, it’s worth considering that institutional ownership has moved in the amount of 0.70% throughout the last 3 months.
  • Investors On The Inside – with regard to insiders, insiders of the company currently own 0.50% of Phunware, Inc.. Insider ownership of the company has changed by 0 throughout the past 3 months.

How Analysts Feel About Phunware, Inc.

Although it’s never a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their analysis to validate your own thoughts before making an investment decision in the tech industry. Below are the recent moves that we have seen from analysts when it comes to PHUN.

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Earnings

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

  • Analyst Expectations – As it stands at the moment, Wall St. analysts are expecting that Phunware, Inc. will come up with earnings per diluted share that totals up to be 0, with 0 to be announced in the report for the current quarter. Although this isn’t associated with earnings, since we are talking on the topic of Wall St. analysts, PHUN is currently rated a 0 on a scale from 1 to 5 on which 1 is the poorest Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Throughout the past 5 years, Phunware, Inc. has created a change in revenue in the amount of 0. Earnings per share through the last 5 years have generated a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is commonly referred to as in the human world, the company has seen a change in earnings in the amount of 42.80%. PHUN has also seen movement when it comes to revenue that adds up to -61.20%.

A Look At Share Counts

Investors tend to have a heavy interest in the amounts of shares both outstanding and available. As far as Phunware, Inc., currently there are 39.79M with a float of 27.62M. These data mean that of the total of 39.79M shares of PHUN that are out there today, 27.62M are available to trade hands by the public.

It’s also important to dig into the short float. Think about it, if a large portion of the float available for trading is sold short, the overall opinion among investors is that the equity is going to fall. When it comes to PHUN, the percentage of the float that is sold short is 6.30%. Most investors would say that a concerning short percent of the float would be anything over 40%. In my research, I’ve seen that any short percent of the float over 26% is generally a risky play.

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