Phunware (NASDAQ:PHUN) Trading Down 1.6%

Phunware, Inc. (NASDAQ:PHUN)’s stock price traded down 1.6% during mid-day trading on Monday . The stock traded as low as $6.01 and last traded at $6.20. 280,955 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 3,648,623 shares. The stock had previously closed at $6.30.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $20.00 target price (down previously from $25.00) on shares of Phunware in a research report on Wednesday, March 13th. HC Wainwright lifted their target price on shares of Phunware to $12.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Ascendiant Capital Markets reduced their price objective on Phunware from $75.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 1st.

Phunware Price Performance

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $50.43 million, a price-to-earnings ratio of -0.33 and a beta of 2.43. The company has a 50 day moving average price of $9.56 and a 200 day moving average price of $8.96.

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.