Published on 19 Apr 2023 on Simply Wall St. via Yahoo Finance
Improved Revenues Required Before Phunware, Inc. (NASDAQ:PHUN) Shares Find Their Feet
With a price-to-sales (or "P/S") ratio of 3.3x Phunware, Inc. (NASDAQ:PHUN) may be sending bullish signals at the moment, given that almost half of all the Software companies in the United States have P/S ratios greater than 4.3x and even P/S higher than 10x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
See our latest analysis for Phunware
