Why Is Phunware Stock Down 61 percent Today - InvestorPlace
| PHUNWDelisted Stock | USD 0.20 0.00 0.00% |
Slightly above 56% of Phunware's investor base is looking to short. The analysis of current outlook of investing in Phunware suggests that many traders are alarmed regarding Phunware's prospects. Phunware's investing sentiment can be driven by a variety of factors including economic data, Phunware's earnings reports, geopolitical events, and overall market trends.
Phunware |
Why Is Phunware Stock Down 61 percent Today InvestorPlace
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Phunware Fundamental Analysis
We 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Phunware is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Phunware Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Phunware stock to make a market-neutral strategy. Peer analysis of Phunware could also be used in its relative valuation, which is a method of valuing Phunware by comparing valuation metrics with similar companies.
Peers
Phunware Related Equities
| DLPN | Dolphin Entertainment | 2.75 | ||||
| FQVTF | Fevertree Drinks | 1.85 | ||||
| IAS | Integral | 0.09 | ||||
| COCO | Vita Coco | 0.22 | ||||
| BUD | Anheuser Busch | 0.52 | ||||
| COE | 51Talk Online | 10.34 | ||||
| TBVPY | Thai Beverage | 12.45 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Consideration for investing in Phunware Stock
If you are still planning to invest in Phunware check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Phunware's history and understand the potential risks before investing.
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