Phunware, Inc. (PHUN) Q2 2024 Earnings Call Transcript
Phunware, Inc. (NASDAQ:PHUN ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Joey Delahoussaye - Core IR, Investor Relations Mike Snavely - Chief Executive Officer Troy Reisner - Chief Financial Officer Conference Call Participants Howard Halpern - Taglich Brothers Ed Woo - Ascendiant Capital Operator Ladies and gentlemen, thank you for standing by. Good afternoon, and welcome to the Phunware Second Quarter Conference Call.
Phunware stock in focus as Bill Ackman predicts Trump will win
Phunware (NASDAQ: PHUN) stock price has done well this year, helped by the ongoing trends in the US election. It has jumped by over 53% in 2024, beating the S&P 500 and Nasdaq 100 indices.
This Trump-linked company's stock-sale plan is more than double its market value
Shares of Phunware Inc. tumbled Tuesday toward the lowest price seen since January, after the mobile-advertising software company announced a relatively large stock-sale program.
Phunware enters equity distribution agreement for up to $120M
Phunware Inc (NASDAQ:PHUN) has arranged with Canaccord Genuity (TSX:CF, LSE:CF) and other agents to sell shares of its common stock, potentially raising up to $120 million in gross proceeds. The company plans to use this capital to further its goals of expanding its technology offerings, reaching more customers, and monetizing its intellectual property rights.
Wall Street Analysts Believe Phunware (PHUN) Could Rally 162.78%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 162.8% in Phunware (PHUN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
