PowerFleet Inc (NASDAQ:AIOT)’s traded shares stood at 0.58 million during the last session, with the company’s beta value hitting 1.67. At the close of trading, the stock’s price was $5.01, to imply an increase of 0.60% or $0.03 in intraday trading. The AIOT share’s 52-week high remains $5.67, putting it -13.17% down since that peak but still an impressive 67.27% since price per share fell to its 52-week low of $1.64. The company has a valuation of $538.98M, with an average of 0.98 million shares in intraday trading volume over the past 10 days and average of 881.92K shares over the past 3 months.
PowerFleet Inc (NASDAQ:AIOT) trade information
After registering a 0.60% upside in the last session, PowerFleet Inc (AIOT) has traded red over the past five days. The 5-day price performance for the stock is -3.47%, and 8.44% over 30 days. With these gigs, the year-to-date price performance is 46.49%. Short interest in PowerFleet Inc (NASDAQ:AIOT) saw shorts transact 6.41 million shares and set a 8.29 days time to cover.
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The extremes give us $7 and $9 for target low and target high price respectively. As such, AIOT has been trading -79.64% off suggested target high and -39.72% from its likely low.
PowerFleet Inc (AIOT) estimates and forecasts
Revenue is forecast to grow 83.30% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 135.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 74.56M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 82.6M.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -30.10% for the past 5-year period. While 2024 is set for a -215.87% return in earnings, projections for the next 5 years are at 30.00% annually.
AIOT Dividends
PowerFleet Inc has its next earnings report out on 2024-Nov-07. 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.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the PowerFleet Inc (AIOT) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 3.18 shares. This is just over 2.95% of the total shares, with a market valuation of $15.91 million. Data from the same date shows that the other fund manager holds a little less at 2.48, or 2.30% of the shares, all valued at about 12.42 million.
