Phunware (NASDAQ:PHUN – Get Free Report) is projected to announce its earnings results before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.25) per share and revenue of $0.93 million for the quarter.
Phunware Stock Down 8.1 %
Shares of Phunware stock opened at $2.83 on Tuesday. The stock’s 50-day simple moving average is $4.43 and its 200-day simple moving average is $4.65. Phunware has a 52 week low of $2.82 and a 52 week high of $17.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.80 and a current ratio of 3.80.
Analysts Set New Price Targets
Several equities analysts have recently commented on PHUN shares. HC Wainwright downgraded Phunware from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $9.00 to $6.00 in a research report on Tuesday, November 12th. Ascendiant Capital Markets reduced their price objective on Phunware from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.
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.
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