Phunware (NASDAQ:PHUN) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Phunware (NASDAQ:PHUN) from a hold rating to a buy rating in a research note released on Thursday, ValuEngine reports.

Shares of NASDAQ PHUN traded down $0.08 during trading hours on Thursday, reaching $1.62. The stock had a trading volume of 620,749 shares, compared to its average volume of 903,786. The company has a fifty day moving average price of $2.54. Phunware has a 52-week low of $1.60 and a 52-week high of $550.00.

Phunware (NASDAQ:PHUN) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $5.32 million during the quarter.

Phunware Company Profile

Phunware Inc, together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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