NASDAQ:PHUN

Phunware - PHUN Stock Forecast, Price & News

$1.08

-0.03 (-2.70%)

(As of 12/2/2022 09:00 PM ET)

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Today's Range: $1.07
▼
$1.10
50-Day Range: $1.05
▼
$1.66
52-Week Range: $1.00
▼
$3.94

Volume: 1.32 million shs
Average Volume: 6.59 million shs
Market Capitalization: $110.84 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.17

Phunware MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 285.8% Upside
$4.17 Price Target
Short Interest: Bearish
7.78% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.12
Based on 6 Articles This Week
Insider Trading: Selling Shares
$57,170 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.27) to ($0.29) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Computer And Technology Sector

525th out of 634 stocks

Data Processing & Preparation Industry

62nd out of 72 stocks

3.5

Analyst's Opinion

Consensus Rating
Phunware has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.17, Phunware has a forecasted upside of 285.8% from its current price of $1.08.
Amount of Analyst Coverage
Phunware has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.78% of the outstanding shares of Phunware have been sold short.
Short Interest Ratio / Days to Cover
Phunware has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Phunware has recently increased by 57.71%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Phunware does not currently pay a dividend.
Dividend Growth
Phunware does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PHUN.

2.3

News and Social Media Coverage

News Sentiment
Phunware has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Phunware this week, compared to 3 articles on an average week.
Search Interest
Only 15 people have searched for PHUN on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
6 people have added Phunware to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phunware insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $57,170.00 in company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Phunware is held by insiders.
Percentage Held by Institutions
Only 8.40% of the stock of Phunware is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Phunware are expected to decrease in the coming year, from ($0.27) to ($0.29) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phunware is -1.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phunware is -1.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Phunware has a P/B Ratio of 3.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Phunware (NASDAQ:PHUN) Stock

Phunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. It also engages the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization; and pre-packaged and custom high-end personal computer systems for gaming, streaming, and cryptocurrency mining enthusiasts. The company was founded in 2009 and is headquartered in Austin, Texas.

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PHUN Stock News Headlines

November 30, 2022 | finance.yahoo.com

Phunware Launches Initiative to Give Back Control of Consumer Data

November 30, 2022 | americanbankingnews.com

HC Wainwright Weighs in on Phunware, Inc.'s FY2022 Earnings (NASDAQ:PHUN)

December 5, 2022 | Behind the Markets (Ad)

Why Your IRA Could Crash on January 16th?

China will attack Taiwan as soon as January 16th, 2023. The stock market will crash at least 35% when China makes their move.

November 21, 2022 | finance.yahoo.com

Phunware Appoints Russ Buyse as Chief Executive Officer

November 16, 2022 | finance.yahoo.com

Analyst Forecasts Just Became More Bearish On Phunware, Inc. (NASDAQ:PHUN)

November 13, 2022 | finance.yahoo.com

Phunware Third Quarter 2022 Earnings: Misses Expectations

November 10, 2022 | finance.yahoo.com

Phunware (PHUN) Reports Q3 Loss, Lags Revenue Estimates

November 10, 2022 | finance.yahoo.com

Phunware Reports Third Quarter 2022 Financial Results

December 5, 2022 | Behind the Markets (Ad)

Why Your IRA Could Crash on January 16th?

China will attack Taiwan as soon as January 16th, 2023. The stock market will crash at least 35% when China makes their move.

November 7, 2022 | investorplace.com

What Is Going on With Phunware (PHUN) Stock Today?

November 7, 2022 | finance.yahoo.com

Phunware to Participate at the Roth 11th Annual Technology Event on November 16, 2022

November 3, 2022 | finance.yahoo.com

LYTE by Phunware Launches Black Friday Gaming PC Sale, Slashing $100 Build Fee for Month of November

November 2, 2022 | finance.yahoo.com

Phunware Announces Contract Renewal & Expansion With Parkview Health

October 27, 2022 | finance.yahoo.com

Phunware Sets Third Quarter 2022 Earnings Call for Thursday, November 10, 2022 at 4:30 p.m. ET

October 14, 2022 | benzinga.com

Phunware Announces Adjournment of Annual Meeting of Stockholders - Phunware (NASDAQ:PHUN) - Benzinga

October 14, 2022 | finance.yahoo.com

Phunware Announces Adjournment of Annual Meeting of Stockholders

September 13, 2022 | seekingalpha.com

Phunware and Aehr Test Systems tech gainers; Unity Software and Soluna losers - Seeking Alpha

September 8, 2022 | globenewswire.com

Phunware Sets September 2022 Financial Conference Schedule - GlobeNewswire

September 8, 2022 | finance.yahoo.com

Phunware Sets September 2022 Financial Conference Schedule

September 4, 2022 | fool.com

Phunware, Inc. (NASDAQ: PHUN)

August 22, 2022 | seekingalpha.com

Phunware Grew Revenue But Operating Results Are Volatile

August 15, 2022 | proactiveinvestors.com

Phunware Inc reports record 2Q revenue and guides investors to expect strong 2H sales - Proactive Investors USA

August 15, 2022 | finance.yahoo.com

Analyst Estimates: Here's What Brokers Think Of Phunware, Inc. (NASDAQ:PHUN) After Its Second-Quarter Report - Yahoo Finance

August 14, 2022 | finance.yahoo.com

Analyst Estimates: Here's What Brokers Think Of Phunware, Inc. (NASDAQ:PHUN) After Its Second-Quarter Report

August 12, 2022 | seekingalpha.com

Phunware falls after Q2 earnings miss - Seeking Alpha

August 11, 2022 | globenewswire.com

Phunware Reports Record Second Quarter 2022 Financial Results - GlobeNewswire

August 10, 2022 | seekingalpha.com

Phunware Q2 2022 Earnings Preview (NASDAQ:PHUN) - Seeking Alpha

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PHUN Company Calendar

Last Earnings: 11/11/2021
Today: 12/05/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/22/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:PHUN
CUSIP: N/A
CIK: 1665300
Web: www.phunware.com
Phone: (512) 693-4199
Fax: N/A
Employees: 120
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.17
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $3.50
Forecasted Upside/Downside: +285.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.80)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-53,520,000.00
Net Margins: -320.30%
Pretax Margin: -322.20%
Return on Equity: -108.33%
Return on Assets: -64.82%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.90
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $10.64 million
Price / Sales: 10.42
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.67 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 102,628,000
Free Float: 97,702,000
Market Cap: $110.84 million
Optionable: Not Optionable
Beta: 10.27

Key Executives

Mr. Alan S. Knitowski (Age 51)
Co-Founder, Pres, CEO & Director
Comp: $845.38k

Mr. Matt Aune (Age 46)
Chief Financial Officer
Comp: $573.86k

Mr. Randall Crowder (Age 41)
COO & Sec.
Comp: $606.76k

Ms. Blythe S. J. Masters (Age 53)
Strategic Advisor
Comp: $28.5k

Mr. Luan Dang (Age 50)
Co-Founder & CTO

Mr. Brendhan Botkin
Head of Investor Relations

Mr. Christopher D. Olive
Exec. VP, Gen. Counsel & Chief Legal Officer

Mr. Tushar Patel
Exec. VP of Corp. Devel.

Mr. Mike Snavely
Exec. VP of Sales & Marketing

Ms. Barbary Brunner (Age 57)
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PHUN Stock - Frequently Asked Questions

Should I buy or sell Phunware stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phunware in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PHUN shares.
View PHUN analyst ratings or view top-rated stocks.
What is Phunware's stock price forecast for 2023?: 2 analysts have issued twelve-month price targets for Phunware's stock. Their PHUN share price forecasts range from $3.50 to $5.00. On average, they expect the company's share price to reach $4.17 in the next twelve months. This suggests a possible upside of 285.8% from the stock's current price.
View analysts price targets for PHUN or view top-rated stocks among Wall Street analysts.
How have PHUN shares performed in 2022?: Phunware's stock was trading at $2.63 at the start of the year. Since then, PHUN shares have decreased by 58.9% and is now trading at $1.08.
View the best growth stocks for 2022 here.
Are investors shorting Phunware?: Phunware saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 7,980,000 shares, an increase of 57.7% from the October 31st total of 5,060,000 shares. Based on an average trading volume of 4,170,000 shares, the days-to-cover ratio is presently 1.9 days.
View Phunware's Short Interest.
When is Phunware's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our PHUN earnings forecast.
How were Phunware's earnings last quarter?: Phunware, Inc. (NASDAQ:PHUN) released its earnings results on Thursday, November, 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The firm earned $2.16 million during the quarter, compared to analysts' expectations of $1.93 million. Phunware had a negative net margin of 320.30% and a negative trailing twelve-month return on equity of 108.33%. During the same quarter last year, the company posted ($0.10) EPS.
What guidance has Phunware issued on next quarter's earnings?: Phunware updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $22.50 million-$22.50 million, compared to the consensus revenue estimate of $25.05 million.

What is Alan S. Knitowski's approval rating as Phunware's CEO?: 65 employees have rated Phunware Chief Executive Officer Alan S. Knitowski on Glassdoor.com. Alan S. Knitowski has an approval rating of 51% among the company's employees. This puts Alan S. Knitowski in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Phunware own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Phunware investors own include Biocept (BIOC), NIO (NIO), OPKO Health (OPK), Vaxart (VXRT), Outlook Therapeutics (OTLK), Sorrento Therapeutics (SRNE), Advanced Micro Devices (AMD), Bionano Genomics (BNGO), Acasti Pharma (ACST) and Boeing (BA).
What is Phunware's stock symbol?: Phunware trades on the NASDAQ under the ticker symbol "PHUN."
Who are Phunware's major shareholders?: Phunware's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.99%), BlackRock Inc. (1.28%), UBS Group AG (0.12%), Jane Street Group LLC (0.03%), Virtu Financial LLC (0.03%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Eric Manlunas, George Syllantavos and Ryan Costello.
View institutional ownership trends.
How do I buy shares of Phunware?: Shares of PHUN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Phunware's stock price today?: One share of PHUN stock can currently be purchased for approximately $1.08.
How much money does Phunware make?: Phunware (NASDAQ:PHUN) has a market capitalization of $110.84 million and generates $10.64 million in revenue each year. The company earns $-53,520,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.
How many employees does Phunware have?: The company employs 120 workers across the globe.
How can I contact Phunware?: Phunware's mailing address is 7800 SHOAL CREEK BLVD SUITE 230-S, AUSTIN X1, 78757. The official website for the company is www.phunware.com. The company can be reached via phone at (512) 693-4199 or via email at investorrelations@phunware.com.

This page (NASDAQ:PHUN) was last updated on 12/5/2022 by MarketBeat.com Staff

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