Phunware Inc (NASDAQ:PHUN)’s stock price rose 20.1% during mid-day trading on Friday . The stock traded as high as $3.86 and last traded at $3.11. Approximately 4,948,031 shares changed hands during mid-day trading, an increase of 1,118% from the average daily volume of 406,276 shares. The stock had previously closed at $2.59.
The stock has a 50 day moving average of $4.88.
Phunware (NASDAQ:PHUN) last announced its earnings results on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $5.32 million during the quarter.
Phunware Inc, together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.
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