In the last trading session, 1.03 million PowerFleet Inc (NASDAQ:AIOT) shares changed hands as the company’s beta touched 1.68. With the company’s per share price at $5.00 changed hands at -$0.19 or -3.66% during last session, the market valuation stood at $537.90M. AIOT’s last price was a discount, traded about -13.4% off its 52-week high of $5.67. The share price had its 52-week low at $1.64, which suggests the last value was 67.2% up since then. When we look at PowerFleet Inc’s average trading volume, we note the 10-day average is 1.34 million shares, with the 3-month average coming to 1.06 million.
PowerFleet Inc (NASDAQ:AIOT) trade information
Instantly AIOT was in red as seen at the end of in last trading. With action 4.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 46.20%, with the 5-day performance at 4.82% in the green. However, in the 30-day time frame, PowerFleet Inc (NASDAQ:AIOT) is 2.46% up. Looking at the short shares, we see there were 6.41 million shares sold at short interest cover period of 8.29 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 44.44% from its current market value. According to analyst projections, AIOT’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a -80.0% plunge from its current level, while the stock would need to soar -80.0% for it to hit the projected low.
PowerFleet Inc (AIOT) estimates and forecasts
Year-over-year growth is forecast to reach 125.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 74.56M. 7 analysts are of the opinion that PowerFleet Inc’s revenue for the current quarter will be 76.14M. The estimates for the next quarter sales put growth at 120.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.10%. The 2024 estimates are for PowerFleet Inc earnings to decrease by -324.50%, but the outlook for the next 5-year period is at 30.00% per year.
AIOT Dividends
PowerFleet Inc is expected to release its next quarterly earnings report in November.
