Full Answer
What happened to Phunware stock?
Feb 03, 2022 · Still, investors seem to see a connection, as PHUN’s stock price has been moving up and down in sympathy with DWAC stock since the SPAC merger was announced. Also helping with that is the cheap price of PHUN stock, which makes it easy for retail traders to manipulate. While not tied to the Digital World Acquisition SPAC merger, Phunware has been in the news …
Why did digital world acquisition and Phunware stock skyrocket over 1000% last week?
Oct 23, 2021 · On one subreddit, users egged each other on to keep buying PHUN shares and reminding the group of 2019’s massive price rise. “This stock ran to $500 per in 2019,” blared the headline of one ...
What is phuncoin (Phun)?
Oct 22, 2021 · PHUN Stock Is Soaring 350% Thanks to Truth Social SPAC Rumors. Investors should be watching this software stock ahead of Truth Social's debut. By Samuel O'Brient, InvestorPlace Financial News ...
Why is DWAC buying Phunware stock?
Jan 11, 2022 · This is why it happened. The stock price of Phunware Inc (NASDAQ: PHUN) increased by 5.99% today. Investors appear to be responding to a sympathy play associated with the stock price of Digital World Acquisition (DWAC) going up.
Why is Phunware stock going up?
Phunware Soars on Pact With Parscale-Founded Consultancy Its stock spiked sharply in late 2021 after Trump confirmed his intention to launch a new social media company, which is to be folded into the already-public SPAC Digital World Acquisition Corp (NASDAQ:DWAC).
Is PHUN stock a good buy?
Out of 2 analysts, 1 (50%) are recommending PHUN as a Strong Buy, 1 (50%) are recommending PHUN as a Buy, 0 (0%) are recommending PHUN as a Hold, 0 (0%) are recommending PHUN as a Sell, and 0 (0%) are recommending PHUN as a Strong Sell. What is PHUN's earnings growth forecast for 2022-2024?
What is the future of PHUN stock?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for Phunware Inc have a median target of 5.50, with a high estimate of 6.25 and a low estimate of 3.75. The median estimate represents a +112.36% increase from the last price of 2.59.
Why did PHUN spike in 2019?
Phunware, founded in 2009, went public via a SPAC in December 2018 and came to some prominence in 2019 for its work with Donald Trump's re-election campaign.Oct 22, 2021
Is cassava a buy?
Cassava Sciences's analyst rating consensus is a 'Moderate Buy. This is based on the ratings of 5 Wall Streets Analysts.
When did PHUN go public?
PHUN and PHUNW appeared on the threshold securities list for the first time on Friday, April 5, 2019.
How many employees does Phunware have?
PhunwareTypePublicKey peopleAlan Knitowski (CEO) Luan Dang (CTO) Randall Crowder (COO) Matt Aune (CFO)ProductsPhunWare PhunTokenNumber of employees50+WebsitePhunWare.com PhunToken.com6 more rows
Is Mark stock a buy?
Is Remark a buy right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Remark in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Remark stock.
Did PHUN stock split?
We currently have no Split History on this stock.
How does Phunware make money?
Most of its revenue really comes from three sources: healthcare companies, media companies and retailers. It charges companies SaaS fees but also makes money from ad fees.Nov 8, 2021
Is Phunware shorted?
Short selling PHUN is an investing strategy that aims to generate trading profit from Phunware as its price is falling. Phunware's stock is trading down $0.06 today. To short Phunware stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender.
The maker of mobile app development tools went public through a reverse merger and started launching blockchain-based product ideas. Yep, that's still a thing
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
Shares of Phunware ( NASDAQ:PHUN) rose 1,988% higher in January, according to data from S&P Global Market Intelligence. The provider of development tools for mobile apps, including a unique blockchain-based security token known as PhunCoin, started the month as a penny stock with a $310 million market cap.
So what
The surge started with Phunware completing its merger with capital investment firm Stellar Acquisition III. The deal brought Phunware onto the public markets after a decade of operations as a private company, while putting Stellar Acquisition's capital to use after two and a half years of accumulating funds without a clear target.
Now what
The stock has settled down a bit in February and is now trading just 752% higher since the new year. Phunware's surge is proof positive that the market still can get excited about blockchain tools and cryptocurrency stocks, but we don't have any actual business results available for this company yet.