During the last session, PowerFleet Inc (NASDAQ:AIOT)’s traded shares were 1.97 million, with the beta value of the company hitting 1.67. At the end of the trading day, the stock’s price was $5.27, reflecting an intraday loss of -6.56% or -$0.37. The 52-week high for the AIOT share is $5.81, that puts it down -10.25 from that peak though still a striking 68.88% gain since the share price plummeted to a 52-week low of $1.64. The company’s market capitalization is $694.90M, and the average intraday trading volume over the past 10 days was 1.18 million shares, and the average trade volume was 900.87K shares over the past three months.
PowerFleet Inc (NASDAQ:AIOT) trade information
PowerFleet Inc (AIOT) registered a -6.56% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -6.56% in intraday trading to $5.27, hitting a weekly high. The stock’s 5-day price performance is 5.82%, and it has moved by 17.11% in 30 days. Based on these gigs, the overall price performance for the year is 108.30%. The short interest in PowerFleet Inc (NASDAQ:AIOT) is 7.59 million shares and it means that shorts have 7.57 day(s) to cover.
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The consensus price target of analysts on Wall Street is $8, which implies an increase of 34.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $9 respectively. As a result, AIOT is trading at a discount of -70.78% off the target high and -32.83% off the low.
PowerFleet Inc (AIOT) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 83.30% this quarter and then jump 114.30% in the quarter after that. In the rating firms’ projections, revenue will increase 148.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 74.39M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 91.82M by the end of current fiscal year.
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 -215.87% 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 November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
