Phunware Inc. PHUN, once a darling of traders during Donald Trump's 2020 re-election campaign, may be on the verge of a significant technical milestone – a Golden Cross.
Mobile-advertising software company Phunware — which garnered plenty of attention during the presidential election as a so-called “Trump trade” thanks to its link to the president-elect — is now working on a canvassing technology that it says will give campaigns greater insight into voter sentiment.
The heavy selling pressure might have exhausted for Phunware (PHUN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Phunware, Inc (NASDAQ:PHUN ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Brooks Hamilton - MZ Group Stephen Chen - Chief Executive Officer Troy Reisner - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Ed Woo - Ascendiant Capital Howard Halpern - Taglich Brothers Operator Ladies and gentlemen, thank you for standing by.
Shares of “Trump trades” DJT and Phunware were set to continue their post-election pullback Friday.
Phunware Inc. reported a narrowed loss in the mobile-advertising company's third-quarter results after market close Thursday, although net revenue declined sharply from the same period last year.
Shares of mobile-advertising company Phunware have soared in recent weeks.
Shares of Trump-related mobile-advertising company Phunware are up more than 8% in premarket trades after snapping a five-day losing streak Monday.
Shares of Trump-related mobile-advertising company Phunware are down more than 11% premarket.
Phunware, Inc. needs to focus on cash preservation and right-size operations to remain solvent. The firm has ~1 year of cash remaining on the balance sheet. Management is attempting to reignite growth by expanding its go-to-market strategy as it plans to roll out a GenAI feature in mid-2025. The firm has recently experienced a leadership change, posted notice of NASDAQ delisting, and raised capital through an ATM equity raise.
Shares of Phunware Inc. were down more than 35% after the retirement of Chief Executive Mike Snavely from the mobile-advertising company.
Shares of the mobile-advertising software company were climbing on no apparent news Tuesday, sparking more chatter on social media.