If All Goes Well, PowerFleet Inc (NASDAQ: AIOT) Could Shrink By -80.0% Or More

During the last session, PowerFleet Inc (NASDAQ:AIOT)’s traded shares were 4.77 million, with the beta value of the company hitting 1.69. At the end of the trading day, the stock’s price was $5.00, reflecting an intraday gain of 7.30% or $0.34. The 52-week high for the AIOT share is $5.67, that puts it down -13.4 from that peak though still a striking 67.2% gain since the share price plummeted to a 52-week low of $1.64. The company’s market capitalization is $538.80M, and the average intraday trading volume over the past 10 days was 1.08 million shares, and the average trade volume was 1.03 million shares over the past three months.

PowerFleet Inc (NASDAQ:AIOT) trade information

PowerFleet Inc (AIOT) registered a 7.30% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.30% in intraday trading to $5.00, hitting a weekly high. The stock’s 5-day price performance is 11.11%, and it has moved by 1.83% in 30 days. Based on these gigs, the overall price performance for the year is 133.64%. The short interest in PowerFleet Inc (NASDAQ:AIOT) is 5.99 million shares and it means that shorts have 6.85 day(s) to cover.

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The consensus price target of analysts on Wall Street is $9, which implies an increase of 44.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, AIOT is trading at a discount of -80.0% off the target high and -80.0% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -30.10%. While earnings are projected to return -186.90% in 2024, the next five years will return 30.00% per annum.

AIOT Dividends

PowerFleet Inc is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.