Now Is The Time To Build A Position In PowerFleet Inc (NASDAQ:AIOT)

PowerFleet Inc (NASDAQ:AIOT)’s traded shares stood at 1.02 million during the latest session, with the company’s beta value hitting 1.68. At the last check today, the stock’s price was $4.88, to imply a decrease of -0.31% or -$0.01 in intraday trading. The AIOT share’s 52-week high remains $5.67, putting it -16.19% down since that peak but still an impressive 66.39% since price per share fell to its 52-week low of $1.64. The company has a valuation of $524.45M, with an average of 0.76 million shares in intraday trading volume over the past 10 days and average of 968.11K shares over the past 3 months.

PowerFleet Inc (NASDAQ:AIOT) trade information

After registering a -0.31% downside in the latest session, PowerFleet Inc (AIOT) has traded red over the past five days. The 5-day price performance for the stock is 0.72%, and 2.42% over 30 days. With these gigs, the year-to-date price performance is 42.54%. Short interest in PowerFleet Inc (NASDAQ:AIOT) saw shorts transact 5.24 million shares and set a 7.64 days time to cover.

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PowerFleet Inc (AIOT) estimates and forecasts

Revenue is forecast to shrink -225.00% this quarter before jumping 16.70% for the next one.

Revenue forecast for the current quarter as set by 4 analysts is 32.9M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 72.48M.

AIOT Dividends

PowerFleet Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

PowerFleet Inc (NASDAQ:AIOT)’s Major holders

We also have iShares Russell 2000 ETF and Fidelity Strategic Advisors Small-Mid Cap Fund as the top two Mutual Funds with the largest holdings of the PowerFleet Inc (AIOT) shares. Going by data provided on Jun 30, 2024 , iShares Russell 2000 ETF holds roughly 2.17 shares. This is just over 2.02% of the total shares, with a market valuation of $10.43 million. Data from the same date shows that the other fund manager holds a little less at 1.59, or 1.48% of the shares, all valued at about 7.62 million.