Phunware Sees Unusually Large Options Volume (NASDAQ:PHUN)

Phunware, Inc. (NASDAQ:PHUNGet Free Report) saw some unusual options trading on Monday. Stock traders bought 7,641 call options on the company. This represents an increase of 94% compared to the typical volume of 3,942 call options.

Phunware Trading Down 3.5 %

Phunware stock opened at $0.40 on Wednesday. Phunware has a one year low of $0.07 and a one year high of $1.12. The stock has a market cap of $111.12 million, a PE ratio of -1.02 and a beta of 2.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.25 and a current ratio of 0.30. The stock has a 50-day moving average of $0.16 and a two-hundred day moving average of $0.21.

Phunware (NASDAQ:PHUNGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Phunware had a negative return on equity of 149.96% and a negative net margin of 257.36%. The firm had revenue of $2.79 million during the quarter, compared to analysts’ expectations of $3.74 million. On average, research analysts anticipate that Phunware will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHUN. Vanguard Group Inc. raised its position in Phunware by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,423,387 shares of the company’s stock valued at $9,517,000 after acquiring an additional 134,012 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Phunware in the first quarter valued at approximately $361,000. Jefferies Financial Group Inc. acquired a new stake in Phunware in the fourth quarter valued at approximately $76,000. Bank of America Corp DE grew its holdings in Phunware by 4,102.3% in the first quarter. Bank of America Corp DE now owns 89,130 shares of the company’s stock valued at $248,000 after purchasing an additional 87,009 shares during the period. Finally, Citigroup Inc. grew its holdings in Phunware by 2,113.5% in the first quarter. Citigroup Inc. now owns 91,086 shares of the company’s stock valued at $253,000 after purchasing an additional 86,971 shares during the period. 7.57% of the stock is currently owned by hedge funds and other institutional investors.

About Phunware

(Get Free Report)

Phunware, Inc, together with its subsidiaries, offers 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 cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides 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; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.

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