L1 Capital Global, Inc. recently announced the acquisition of new stake in Phunware Inc (NASDAQ:PHUN). This fresh investment now brings its stake to 9.32% valued currently at $1.37 million. In addition, Sabby Management LLC raised its holdings by 10.01 million to 10.01 million shares. And Geode Capital Management LLC has lifted its position by 4.58% or 43260.0 shares – to 0.99 million shares.
Currently, there are 193.03M common shares owned by the public and among those 185.01M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Phunware Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 3.43 million shares of the company’s stock, all valued at over $0.28 million. Fidelity Extended Market Index Fu now owns shares totaling to 0.31% of the shares outstanding.
The company’s stock has a 5-day price change of 25.45% and 84.40% over the past three months. PHUN shares are trading 287.68% year to date (YTD), with the 12-month market performance down to -69.43% lower. It has a 12-month low price of $0.07 and touched a high of $1.15 over the same period. PHUN has an average intraday trading volume of 87.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 83.95%, 135.00%, and -5.36% respectively.
Institutional ownership of Phunware Inc (NASDAQ: PHUN) shares accounts for 18.46% of the company’s 193.03M shares outstanding. Mutual fund holders own 3.23%, while other institutional holders and individual stakeholders account for 7.55% and 16.69% respectively.
It has a market capitalization of $61.36M and a beta (3y monthly) value of 2.62. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 27.77% over the week and 29.93% over the month.
Analysts forecast that Phunware Inc (PHUN) will achieve an EPS of -$0.04 for the current quarter, -$0.02 for the next quarter and -$0.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 41.67%, and 64.71% over the next financial year.
Looking at the support for the PHUN, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on May 11, 2021, with the firm’s price target at $2.50.
