What's Going On With Trump-Linked Phunware Stock Tuesday?

Phunware Inc PHUN shares are in the spotlight Tuesday ahead of earnings. Here’s what you need to know.

What To Know: Phunware is set to report fourth-quarter financial results Tuesday after the market close. The company is expected to report a loss of $2 per share and quarterly revenue of $2.097 million, according to estimates from Benzinga Pro.

Last quarter, Phunware missed revenue estimates, but turned in earnings that were in line with analyst estimates and introduced the Phunware 3.0 strategy. Investors will be watching for updates on the company’s new corporate initiative.

Phunware shares have rallied more than 150% year-to-date driven by increased optimism surrounding a potential return to the White House for former President Donald Trump. 

Phunware has ties to Trump dating back to 2020 when the company announced that it was working on the development, launch and ongoing management of the Trump-Pence 2020 Reelection Campaign’s mobile application portfolio.

Phunware recently announced that it will be holding meetings at the 36th annual ROTH Conference next week.

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How To Buy PHUN Stock

By now you're likely curious about how to participate in the market for Phunware – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the case of Phunware, which is trading at $10.42 as of publishing time, $100 would buy you 9.6 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

PHUN Price Action: Phunware shares were down 4.46% at $9.95 at the time of writing, according to Benzinga Pro.

Photo: 3844328 from Pixabay.