Phunware Stock Forecast: PHUN CONTINUES on a Downward Slope, Time to SELL?

Phunware Stock Forecast: PHUN CONTINUES on a Downward Slope, Time to SELL?
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PHUN Phunware Stock Forecast: For the next 24 hours, the stock price of Phunware is predicted to trade between $ 2.1 and $ 3. The recommendation for the next 24 hours is neutral

1 of the 3 Momentum Indicators is Positive

2 analysts

Phunware Inc closed 8.78% lower at $ 2.91 in the last trading session

Metric
Value
Trend
Share Volume
6.6 M
Higher
Average Share Volume
37 M
NA
Forward PE (1 Year)
-13.8
NA
image 33

Phunware Stock Forecast: Momentum Summary

Metric
Momentum
Price
Lower
Technical Indicator
Sell
Social Media Buzz Momentum
Higher

Read about DWAC Stock Forecast and Predictions here

image 34

Phunware Stock Forecast: Performance Chart

Stock Name
1 Day
5 Days
1 Month
1 Year
-8.78%
-13.39%
-24.02%
304.71%

PHUN has been trending lower on a consistent basis over the last few week

PHUN Phunware Stock Forecast: Technical Analysis

Support
Resistance
Recommendation
$ 2.8 (S3)
$ 2.9 (R1)
Sell
$ 2.4 (S3)
$ 3.1 (R1)
Buy

IMPORTANT TRUMP STOCK UPDATE! THE FUTURE OF DWAC AND TRUTH SOCIAL PHUN BENE MARK DWAC STOCK ANALYSIS

PHUN Phunware Stock Forecast: Latest News and Tweets

Originally tweeted by Tickeron (@Tickeron) on December 1, 2021.

$PHUN in -12.35% Downtrend, declining for three consecutive days on November 30, 2021. View odds for this and other indicators: https://srnk.us/go/3202437 #Phunware #stockmarket #stock

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PHUN MaaS Available on AMZN; Ground Breaking Mobile Data Applications for Multiscreen-as-a-Service (MaaS) Available on Amazon Web Services Marketplace: Phunware, Inc. (NASDAQ: PHUN)

Phunware Stock Forecast: Social Media Sentiment

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment Trend
Last 7 days
20%
16%
Higher
Last 24 hours
22%
17%
Higher

PHUN Phunware Stock Forecast: Latest Crowd’s Videos

PHUN STOCK WILL MOVE WITH NEWS!!

PHUN Stock Forecast: Background

Phunware is a technology-based firm headquartered in Texas and was launched back in 2009. The company primary focus is on mobile application and location tracking as well as advertising software. Phunware is known for Multiscreen -as -a –Service (MaaS) which is kind of fully integrated enterprise cloud platform for mobile.

It caters company’s products, solutions and services to engage, manage and monetize mobile application portfolios and audiences at a global level. The firm’s product also includes location services, content management and of course blockchain.

According to the company’s officials, its solution ranges from assisting election campaigns and navigating through the airport, and on another end it helps media companies to connect with viewers. According to an estimate, it is scalable to 25 million concurrent users.

Phunware Inc Stock -A Risky Bet:

While some investors are satisfied with index funds, active investors are looking for multibagger stocks through which they can earn a fortune overnight. When you have such a share in your portfolio, you can significantly improve your finances. For example, Phunware Inc has generated over 586 percent return for last one year. But do note that Phunware Inc is a micro stock with last 52-week range as $0.6 to $24.04, such stocks are only meant to be speculated and is news driven. These kind of stocks react hyperactively to the market and can either give multifold return or can crash one’s wealth in a couple of days’ time.

PHUN Phunware Stock Forecast: Fundamental Analysis

Phunware Inc was not profitable for last 12 months. Fact is, it has never been profitable since 2016 and it is unlikely that we will see any correlation between share price and earnings per share. Our next best option is revenue as shareholders of unprofitable companies usually look for strong revenue growth and hopes that strong revenue growth extrapolates to profit generation in couple of years.

To the dismay of investors, revenue has only shrunken over last three years with $ 19 million in 2018 to $9.9 million in 2019 and $ 6.15 million in 2020.

Source: Tradingview.com

As it is clearly visible that company’s revenue is constantly decreasing, net income is always negative and over the top, profit margin is shrinking with every passing year.

In nutshell, company is on wrong foot seen from the perspective of fundamental analysis.

However, while the share price has gone up by more than 508 percent in last one year, this kind of decoupling between revenue and share price often indicates towards speculations, but many times speculation pays off!!

Phunware- Investors choose Trump’s stock

Last week, when former US President announced merger with DWAC, a hype was created and everyone followed stocks related to Trump’s campaign. DWAC Inc was one such company whose share rose by more than 842 percent since the news flashed that it would take on Trump’s media network called “Truth Social”.

Phunware was also among those stocks, investors targeted. Phunware Inc worked on Trump’s 2020 election campaign app and a major audience inferred that Phunware Inc will have a major role to play for new media network, in engaging and serving the audience like it did in 2020.

Many people who did not know about investing, just pumped the money to support Trump campaign and made Phunware stock reach a high of $24.04, a level which was not seen before and will never be seen again in at least near future.

Read: NIO Stock Prediction and Forecast: NIO Stock Over $40

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