Phunware's volatility appears to have stemmed from an isolated resurgence of cryptocurrency hype rocketing shares to massive gains despite no real evidence that the business' outlook had improved. A more somber reality seems to have settled in among investors, and the stock now trades down roughly 45% from its $10 IPO price.
Full Answer
What's happening with Phunware stock?
Phunware stock rocketed out of the gate, gaining nearly 2,000% in January and rising from a $300 million market cap to a $9 billion valuation thanks to investor excitement about its cloud and blockchain services and its cryptocurrency -- PhunCoin.
What happened to Phunware and digital world acquisition's shares?
By the close of trading, shares of Phunware and Digital World Acquisition were down 39% and 30%, respectively. The decline in Digital World Acquisition's stock price appears to have been sparked by comments made by Trump before the market opened.
Will Phunware (Phun) see a trend reversal soon?
The price trend for Phunware (PHUN) has been bearish lately and the stock has lost 20. 7% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.
Is Phunware P/E ratio good or bad?
The P/E ratio of Phunware is -6.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Phunware is -6.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Is Phunware a buy right now?
Will phunware stock go back up?
On average, Wall Street analysts predict that PHUNWARE's share price could reach $4.75 by Dec 28, 2022. The average PHUNWARE stock price prediction forecasts a potential upside of 227.59% from the current PHUN share price of $1.45.
What Is happening with Phunware?
Phunware (PHUN) Reports Q4 Loss, Tops Revenue Estimates Phunware (PHUN) delivered earnings and revenue surprises of -700% and 7.21%, respectively, for the quarter ended December 2021.
Is phunware Inc a good buy?
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.
Will PHUN go up tomorrow?
Tomorrow's movement Prediction of Phunware, Inc. PHUN as on 27 May 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened....Munafa value: 65 as on 27 Fri May 2022.Upside target1.47Downside target1.37Downside target1.354 more rows
Who owns phunware?
Luan Dang. Luan is a successful serial entrepreneur, author, inventor and technologist, with post-internet and technology bubble exits to such companies as Cisco Systems (NASDAQ: CSCO), Level 3 Communications (NASDAQ: LVLT) and Hewlett-Packard (NYSE: HPQ).
How high can Phun go?
Phunware Inc (NASDAQ:PHUN) The 4 analysts offering 12-month price forecasts for Phunware Inc have a median target of 4.63, with a high estimate of 6.25 and a low estimate of 3.00.
Is cassava a buy?
Cassava Sciences's analyst rating consensus is a 'Moderate Buy. This is based on the ratings of 4 Wall Streets Analysts.
How many employees does phunware have?
In 2020, Phunware was the fifth largest advertising technology company in politics, receiving criticism for its involvement with the Trump 2020 re-election campaign....Phunware.TypePublicNumber of employees50+WebsitePhunWare.com PhunToken.com8 more rows
Are PHUN tokens worth anything?
PHTK Price Today. Phun Token price today is $0.004746649819 with a 24-hour trading volume of $334.37.
Is Mark a good stock?
The consensus among 1 Wall Street analyst covering (NASDAQ: MARK) stock is to Strong Buy MARK stock.
When did phunware go public?
PHUN and PHUNW appeared on the threshold securities list for the first time on Friday, April 5, 2019.
Will CEI stock go up?
Based on the algorithm-based CEI price prediction from Wallet Investor as of 22 March, the price of Camber Energy in the near term could rise to $1.14 per share by 4 April 2022.
What happened
Shares of Phunware (NASDAQ: PHUN) sank 53.7% in March, according to data from S&P Global Market Intelligence. The stock had its initial public offering in January and has gone on to have one of the most volatile runs of any company on the market this year.
So what
The company published full-year results on March 20, but it's not clear whether the earnings release significantly impacted the market's read on Phunware stock. Sales for the year rose roughly 16% to reach $30.9 million, and the company's adjusted loss per share for the period narrowed to $0.38 -- improving from a per-share loss of $1.06 in 2017.
Now what
Phunware stock has continued to plummet in April, with shares trading down roughly 60% in the month so far as the glow around the company's cryptocurrency and blockchain ambitions has continued to fade.
These popular Trump-related stocks reversed course after their huge gains last week
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Digital World Acquisition ( NASDAQ:DWAC) and Phunware ( NASDAQ:PHUN) both saw their stock prices rocket over 1,000% at one point last week, as investors' excitement for the special purpose acquisition company ( SPAC) and advertising software provider that are linked to former President Donald Trump reached a fever pitch.
So what
The decline in Digital World Acquisition's stock price appears to have been sparked by comments made by Trump before the market opened. Last week, investors cheered when the SPAC announced its plan to merge with Trump Media & Technology Group.
Now what
Former President Trump certainly doesn't lack ambition, but taking on companies like Facebook, Twitter, and Netflix all at the same time might be difficult even for him. Investors are beginning to rein in their near-term expectations, which could lead to further stock price declines for Digital World Acquisition and Phunware in the coming days.
About Phunware
Phunware, Inc. engages in the development of a Multiscreen-as-a-Service platform, an enterprise cloud platform for mobile. It provides companies the products, solutions, data, and services necessary to engage, manage, and monetize mobile application portfolios and audiences at scale.
Headlines
Trading Penny Stocks? Top Stock Market News for February 22nd, 2022 - StreetInsider.com
Phunware (NASDAQ:PHUN) Frequently Asked Questions
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phunware in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Phunware stock. View analyst ratings for Phunware or view top-rated stocks.
What happened
Shares of Phunware ( PHUN -14.02% ) fell 90.1% in February, according to data from S&P Global Market Intelligence. This was a quick reversal for the maker of mobile app development tools, which posted a 2,000% gain in January.
So what
Phunware's big January gains started when the company merged with capital investment firm Stellar Acquisition III, converting an investment at arm's length into a direct source of funds to power Phunware's day-to-day operations and strategic goals.
Now what
Owning Phunware wasn't much fun last month. The stock sale -- announced near the peak of the stock's recent gains -- looks like a greedy cash grab that leaves common shareholders hanging. Stellar's backers might indeed take their profits and run, leaving a discarded husk of blockchain hype and empty promises in their wake.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
More About Phunware Inc
Phunware Inc is a software company. It is a Multiscreen as a Service (MaaS) integrated enterprise software platform for mobile that provides companies with the products, solutions and data and services necessary to engage, manage and monetize its mobile application audiences. Click Here to get the full Stock Report for Phunware Inc stock.