FY2024 EPS Estimates for Phunware Boosted by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Investment analysts at HC Wainwright lifted their FY2024 earnings per share (EPS) estimates for shares of Phunware in a report released on Tuesday, November 12th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of ($1.07) for the year, up from their previous estimate of ($1.24). HC Wainwright has a “Neutral” rating and a $6.00 price objective 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 decreased their price target on Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday.

Phunware Trading Down 1.4 %

Shares of PHUN opened at $4.93 on Thursday. The stock’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.80. Phunware has a 52 week low of $2.85 and a 52 week high of $24.49.

Institutional Investors Weigh In On Phunware

A hedge fund recently bought a new stake in Phunware stock. Murchinson Ltd. purchased a new position in Phunware, Inc. (NASDAQ:PHUN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned 0.12% of Phunware at the end of the most recent quarter. Institutional investors 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.