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Phunware (PHUN) Catches Eye: Stock Jumps 8.9%

Zacks

Phunware, Inc. PHUN was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $1.14 to $1.69 in the past one month time frame.

The move came after the company announced a joint venture with AnyPlace MD Box to provide contact tracing, telehealth, COVID-19 testing and logistics support to government agencies and health systems.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Phunware currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.



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