Phunware (PHUN) Set to Announce Earnings on Thursday

Phunware (NASDAQ:PHUN) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Phunware Stock Down 0.4 %

Shares of NASDAQ:PHUN opened at $6.89 on Wednesday. The company has a 50 day moving average of $8.33 and a 200-day moving average of $8.80. Phunware has a one year low of $3.50 and a one year high of $33.51. The stock has a market cap of $55.33 million, a price-to-earnings ratio of -0.37 and a beta of 2.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PHUN. Ascendiant Capital Markets cut their price target on Phunware from $75.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. HC Wainwright raised their target price on Phunware to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price target (down from $25.00) on shares of Phunware in a research note on Wednesday, March 13th.

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.