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PHUN - Phunware Stock Is Sinking Today: Is It Time to Buy?
Phunware Inc.
Phunware (NASDAQ: PHUN) stock lost ground Thursday following the release of its fourth-quarter and full-year report after the market closed Wednesday. The share price was down by roughly 7.6% as of noon ET.
The software company's full-year sales came in slightly ahead of analysts' consensus target, but its bottom-line loss was worse. Should investors treat this pullback as an opportunity to buy the stock?