In a note dated August 22, 2018, equity research analysts at Taglich Brothers provided investors with an update to their projections for Phunware, Inc.’s earnings per share for the third quarter of 2022 in a note dated August 22, 2018. August 22, 2018. A Taglich Brothers analyst named H. Halpern forecasts the company to earn $0.07 per share for the quarter. This was up from the previous estimate, which was $0.05 per share. Therefore, the projections represent a positive trend for the company. Phunware’s current full-year earnings forecast is $0.24 per share, which would mean a loss for the entire company. Phunware revenue for the fourth quarter of 2022 was forecast at $0.07 by Taglich Brothers. In the current fiscal year, 2022, the company generated a loss of $0.25 in earnings per share. The company earned $0.06 per share in the first three months of 2023. A loss of $0.06 per share was recorded for the second quarter of 2023. Each share is expected to generate earnings of 0. $0.06 during the third quarter of 2023, while each share will generate a profit of $0.05 during the fourth quarter of this same year. Earnings per share for fiscal 2023 are expected to be $0.23 and revenue is expected to total $232,000. EPS Separately, on Monday, August 15, HC Wainwright lowered its price target for Phunware from $5.50 to $3.50 and removed its “buy” rating for the company.
Phunware PHUN pricing and functionality was introduced on Thursday for $1.39. It is possible for Phunware to be priced between $0.85 and $24.04 in a single year. The company’s moving average price over the past 50 days is $1.38 and its moving average price over the previous 200 days is $1.95. It has a current ratio of zero, a quick ratio of zero, a debt ratio of zero, and a quick ratio of 0.82. All of these ratios are considered perfect. The following is a breakdown of the ratios used by Phunware Institutional Trading: Over the past few weeks, several hedge funds have made various adjustments to the amount of PHUN shares they hold.
Price T. Rowe Associates Inc. MD increased the amount of Phunware it invested by 189.2% in the second quarter of the year. Following the purchase of an additional 30,700 shares during the period in question, Price T. Rowe Associates, Inc. MD now owns 46,924 shares of the company. The current value of these shares is $51,000. Additionally, a brand new investment of $200,000 was made in Phunware by Virtu Financial LLC during the second quarter of the fiscal year. The amount of capital that UBS Group AG had previously invested in Phunware increased by 172.1% during the second quarter. UBS Group AG owns a total of 88,436 shares, which are currently valued at $95,000, as they purchased an additional 55,936 shares of the company during the quarter. A total increase of 4,102.3% was driven by the number of Phunware shares held by Bank of America Corp DE in the first three months of 2018. After purchasing an additional 87,009 shares over time, Bank of America Corp DE now owns 89,130 shares of the company. stock, which has a post-trade value of $248,000. These shares were acquired during the period.
Finally, during the first quarter, State Street Corporation increased the share of Phunware in which it holds an interest by 39.4%. This was the high point of the company’s performance. There are 279,704 shares in the company that State Street Corp now owns. The value of these shares is $780,000. During the quarter, an additional 79,029 shares were purchased, successfully achieving this goal. 7.81% of the total amount of shares is held by hedge funds and other types of institutional investors. Phunware, Inc. and its subsidiaries provide an integrated software platform that businesses can use to improve user engagement, more effectively manage their mobile app portfolios, and increase app revenue. This platform is available for businesses in the United States and other countries. The company manufactures many products, including cloud-based mobile software for mobile devices. This software is available as software development kits (SDKs), which can then be integrated into mobile applications. Some examples are: analytics, which reveals information about how users interact with an application; content management, which allows application administrators to create and manage application content in a cloud-based portal; alerts, notifications and messaging; marketing automation, which enables location-triggered messaging and workflow; and a mobile app. Each of these cases can be seen on a portable electronic device.