Phunware Stock Current Ratio
| PHUN Stock | USD 2.81 0.01 0.36% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Phunware's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Phunware Company Current Ratio Analysis
Phunware's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Phunware Current Ratio | 0.90 X |
Most of Phunware's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Phunware is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Phunware has a Current Ratio of 0.9 times. This is 68.2% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The current ratio for all United States stocks is 58.33% higher than that of the company.
Phunware Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Phunware's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Phunware could also be used in its relative valuation, which is a method of valuing Phunware by comparing valuation metrics of similar companies.Phunware is currently under evaluation in current ratio category among its peers.
Phunware Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.16 | ||||
| Operating Margin | (9.36) % | ||||
| Current Valuation | (48.96 M) | ||||
| Shares Outstanding | 20.19 M | ||||
| Shares Owned By Insiders | 0.50 % | ||||
| Shares Owned By Institutions | 11.69 % | ||||
| Number Of Shares Shorted | 1.48 M | ||||
| Price To Earning | (222.25) X | ||||
| Price To Book | 0.56 X | ||||
| Price To Sales | 23.64 X | ||||
| Revenue | 3.19 M | ||||
| Gross Profit | 1.01 M | ||||
| EBITDA | (10.12 M) | ||||
| Net Income | (10.32 M) | ||||
| Cash And Equivalents | 8.54 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 932 K | ||||
| Debt To Equity | 0.52 % | ||||
| Current Ratio | 0.90 X | ||||
| Book Value Per Share | 4.99 X | ||||
| Cash Flow From Operations | (13.3 M) | ||||
| Short Ratio | 6.81 X | ||||
| Earnings Per Share | (0.63) X | ||||
| Target Price | 6.0 | ||||
| Number Of Employees | 29 | ||||
| Beta | 2.51 | ||||
| Market Capitalization | 56.72 M | ||||
| Total Asset | 114.78 M | ||||
| Retained Earnings | (313.32 M) | ||||
| Working Capital | 107.31 M | ||||
| Current Asset | 11 K | ||||
| Current Liabilities | 20.86 M | ||||
| Net Asset | 114.78 M |
About Phunware Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Phunware's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Phunware using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Phunware based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Phunware
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Phunware position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Phunware will appreciate offsetting losses from the drop in the long position's value.Moving together with Phunware Stock
| 0.7 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
Moving against Phunware Stock
| 0.89 | PYTCF | Playtech plc | PairCorr |
| 0.7 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.61 | PTAIY | Astra International Tbk | PairCorr |
| 0.53 | PTBRY | Bank Negara Indonesia | PairCorr |
The ability to find closely correlated positions to Phunware could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phunware when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Phunware - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Phunware to buy it.
The correlation of Phunware is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phunware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phunware moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Phunware can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Phunware Piotroski F Score and Phunware Altman Z Score analysis. To learn how to invest in Phunware Stock, please use our How to Invest in Phunware guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phunware. If investors know Phunware will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phunware listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Phunware is measured differently than its book value, which is the value of Phunware that is recorded on the company's balance sheet. Investors also form their own opinion of Phunware's value that differs from its market value or its book value, called intrinsic value, which is Phunware's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phunware's market value can be influenced by many factors that don't directly affect Phunware's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Phunware's value and its price as these two are different measures arrived at by different means. Investors typically determine if Phunware is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phunware's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.