Time to Buy Beat-Down Phunware Inc. (PHUN) Stock? Here is the INSIGHT

At the end of the latest market close, Phunware Inc. (PHUN) was valued at $0.71. In that particular session, Stock kicked-off at the price of $0.713 while reaching the peak value of $0.7283 and lowest value recorded on the day was $0.6811. The stock current value is $0.71.

Recently in News on October 29, 2020, Greater Baltimore Medical Center Selects Phunware for Comprehensive Mobile Healthcare Solution. Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has secured a new Multiscreen-as-a-Service (MaaS) win that will give Greater Baltimore Medical Center (GBMC) in Towson, Maryland, a new digital front door on mobile in support of more than 1.2 million square-feet of indoor medical space. You can read further details here

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Phunware Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.0000 on 05/20/20, with the lowest value was $0.5400 for the same time period, recorded on 04/06/20.

Phunware Inc. (PHUN) full year performance was -56.74%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Phunware Inc. shares are logging -76.50% during the 52-week period from high price, and 30.57% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.54 and $3.00.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1556424 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Phunware Inc. (PHUN) recorded performance in the market was -40.75%, having the revenues showcasing -52.68% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 31.95M, as it employees total of 93 workers.

Market experts do have their say about Phunware Inc. (PHUN)

During the last month, 1 analysts gave the Phunware Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1525, with a change in the price was noted -0.6549. In a similar fashion, Phunware Inc. posted a movement of -48.15% for the period of last 100 days, recording 3,717,704 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PHUN is recording 11.40 at the time of this writing. In addition, long term Debt to Equity ratio is set at 8.80.

Technical breakdown of Phunware Inc. (PHUN)

Raw Stochastic average of Phunware Inc. in the period of last 50 days is set at 8.29%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 9.18%. In the last 20 days, the company’s Stochastic %K was 6.45% and its Stochastic %D was recorded 5.37%.

Bearing in mind the latest performance of Phunware Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -40.75%. Additionally, trading for the stock in the period of the last six months notably improved by 4.66%, alongside a downfall of -56.74% for the period of the last 12 months. The shares increased approximately by -7.83% in the 7-day charts and went up by -22.94% in the period of the last 30 days. Common stock shares were lifted by -52.68% during last recorded quarter.

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