Phunware (NASDAQ:PHUN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.12, Zacks reports. The company had revenue of $0.99 million during the quarter, compared to analysts' expectations of $0.93 million. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%.
Phunware Stock Performance
PHUN stock traded up $0.12 during midday trading on Monday, hitting $3.07. The company had a trading volume of 254,420 shares, compared to its average volume of 2,317,968. Phunware has a 52 week low of $2.70 and a 52 week high of $14.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.80 and a current ratio of 3.80. The stock's 50 day moving average price is $3.76 and its 200 day moving average price is $4.60.
Analysts Set New Price Targets
Separately, HC Wainwright lowered their price target on shares of Phunware from $6.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday.
Check Out Our Latest Analysis on Phunware
About Phunware
(
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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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