How to buy Phunware (PHUN) stock

Phunware (NASDAQ: PHUN) stock boomed after its CEO outlined the commercial launch of its blockchain-enabled products at the Proactive Investors One2One Investor Forum. Want in on the fun? Learn how you can buy Phunware stock now.

How do you buy Phunware (PHUN) stock?

Buying stocks is a way for individuals to own equity in a publicly-traded company — and ideally build their wealth over time. For those who are new to the investing world, purchasing shares of Phunware (PHUN)may sound like a complicated process, but it’s actually quite simple. The fastest way to buy PHUN stock is to set up a brokerage account on stock trading platforms. Most stock trading apps have no account minimum, meaning that you can get started with as little as ​$5​ or ​$10​. Some platforms, such as eToro, Robinhood, don't charge a commission, either. You can choose to go with a trading platform offered by a traditional financial company like Fidelity, Schwab or Vanguard, or you can look at online brokers like Ally, SoFi, Robinhood, or eToro.

Once your account is established, you can transfer funds electronically, by wire or an asset transfer. With money in the account, you’re ready to buy Phunware stock.

Should you invest in Phunware stock?

Phunware is a small-cap technology stock that is a high-risk bet due to its declining revenue, widening losses, and steep valuation. Small-cap company that operates in the MaaS (multiscreen-as-a-service) space, Phunware Inc. (NASDAQ: PHUN) is valued at a market cap of just $300 million.

Despite its market-beating gains in 2021, Phunware is a company that is fundamentally weak and grossly overvalued. Its revenue has fallen from $30.88 million in 2018 to just $10 million in 2020. The company ended Q4 with a cash balance of $882 thousand and $2.85 million in debt. But, the loss-making entity still spent $6.20 million to purchase bitcoins which means it raised capital to support the expenditures. Even if the company partners with TRUTH, it will have to raise additional capital to offset high-cash burn rates. Further, Wall Street expects the stock to decline by more than 40% in the next year.

Is Phunware stock a buy, sell or hold now?

PHUN stock is extremely overvalued and should be sold, since Phunware is unlikely to generate significant sales from either Bitcoin or TMTG. Those seeking to profit from TMTG’s likely success should buy DWAC stock and/or CFVI stock.

Final thought

Phunware stock remains a high-risk bet given its weak financials and sky-high multiples. Remember that how many shares of Phunware you can buy should always directly correlate with what you are willing to lose. Do not invest more than you can say goodbye to.