FY2024 EPS Estimates for Phunware Raised by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Analysts at HC Wainwright increased their FY2024 earnings estimates for shares of Phunware in a research report issued on Tuesday, November 12th. HC Wainwright analyst S. Buck now expects that the company will earn ($1.07) per share for the year, up from their previous estimate of ($1.24). HC Wainwright has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for Phunware’s current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Phunware’s Q4 2024 earnings at ($0.17) EPS and FY2025 earnings at ($0.52) EPS.

Separately, Ascendiant Capital Markets reduced their price objective on Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday.

Phunware Trading Down 6.4 %

Shares of PHUN stock opened at $5.00 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.80. The firm’s 50 day moving average is $5.28 and its 200 day moving average is $5.31. Phunware has a 12-month low of $2.85 and a 12-month high of $24.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phunware stock. Murchinson Ltd. acquired a new position in Phunware, Inc. (NASDAQ:PHUN) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned about 0.12% of Phunware as of its most recent SEC filing. Institutional investors and hedge funds own 7.57% of the company’s stock.

Phunware Company Profile

Phunware, Inc, together with its subsidiaries, provides 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 mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers 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, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.