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Are Phunware Inc. (NASDAQ:PHUN)’s Fundamentals Enough to Outperform

Phunware Inc. (NASDAQ:PHUN) shares traded higher over the last trading session, gaining 2.31% on 05/26/21. The shares fell to a low of $1.26 before closing at $1.33. Intraday shares traded counted 1.35 million, which was 85.99% higher than its 30-day average trading volume of 9.67M. PHUN’s previous close was $1.30 while the outstanding shares total 64.59M. The stock’s Relative Strength Index (RSI) is 45.34, with weekly volatility at 5.87% and ATR at 0.12. The PHUN stock’s 52-week price range has touched low of $0.60 and a $3.34 high.

Investors have identified the Software – Application company Phunware Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $94.63 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Phunware Inc. (PHUN) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PHUN, the company has in raw cash 23.47 million on their books with 10.01 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 26.3 million total, with 30.39 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -0.11 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PHUN sounds very interesting.

Is the stock of PHUN attractive?

In related news, Director, Manlunas Eric sold 46,204 shares of the company’s stock in a transaction that recorded on May 19. The sale was performed at an average price of 1.28, for a total value of 59,146. As the sale deal closes, the Director, Manlunas Eric now sold 33,700 shares of the company’s stock, valued at 45,648. Also, Director, Manlunas Eric sold 80,000 shares of the company’s stock in a deal that was recorded on May 17. The shares were price at an average price of 1.29 per share, with a total market value of 103,358. In the last 6 months, insiders have changed their ownership in shares of company stock by 7.90%.

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