PHUN stock might have another run-up in store, and it could be catalyzed by developments in the fast-paced world of cryptocurrency. At the same time, Phunware is expanding its business operations abroad and forming key relationships with suppliers. All of this could add up to a prime, tech-focused investing opportunity with Phunware. Was it a Reddit-fueled short squeeze, or was it something else? Either way, it certainly must have been fun for PHUN stockholders to watch the share price soar in October of last year.
On Oct. Some commentators might say that this occurred due to a rumor. Around that time, news spread that the reelection campaign of former President Donald Trump and former Vice President Michael Pence may have been a client of Phunware. Between that and a Reddit-prompted short squeeze, we can piece together the circumstances that probably led to the rise and fall of PHUN stock. After all, gossip and meme-stock short squeezes can lead to share price pop-and-drops.
As such, Phunware has business operations in a number of regions and just recently, the company formed a potent partnership to integrate mobile smart solutions in Asia.
The partnership is with Singapore-based PrimusTech. That company offers a range of services and solutions to support digital transformation, including smart facility management systems and Internet of things IoT.
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PHUN stock might have another run-up in store, and it could be catalyzed by developments in the fast-paced world of cryptocurrency. At the same time, Phunware is expanding its business operations abroad and forming key relationships with suppliers.
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Posted by MarketBeat News on Aug 16th, They currently have a buy rating on the stock. The company has a quick ratio of 1. Several institutional investors and hedge funds have recently made changes Phunware Reddit their positions in the company.
State Street Corp boosted its stake in Phunware by Institutional investors and hedge Phunware Reddit own 7. Get Rating. Phunware, Inc, together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally.
The company's products and services include cloud-based mobile software that licenses in software development kits SDKs form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.
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