In the latest trading session,, 1.24 million PowerFleet Inc (NASDAQ:AIOT) shares changed hands as the company’s beta touched 1.67. With the company’s most recent per share price at $5.99 changing hands around $0.78 or 14.92% at last look, the market valuation stands at $789.48M. AIOT’s last price was a premium, traded about 3.01% off its 52-week high of $5.81. The share price had its 52-week low at $2.03, which suggests the last value was 66.11% up since then. When we look at PowerFleet Inc’s average trading volume, we note the 10-day average is 1.07 million shares, with the 3-month average coming to 955.57K.
PowerFleet Inc (NASDAQ:AIOT) trade information
Instantly AIOT is in green as seen in intraday trades today. With action 12.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 75.06%, with the 5-day performance at 12.54% in the green. However, in the 30-day time frame, PowerFleet Inc (NASDAQ:AIOT) is 13.82% up. Looking at the short shares, we see there were 7.73 million shares sold at short interest cover period of 6.69 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 25.12% from its recent market value. According to analyst projections, AIOT’s forecast low is 7 with 9 as the target high. To hit the forecast high, the stock’s price needs a -50.25% plunge from its current level, while the stock would need to soar -16.86% for it to hit the projected low.
PowerFleet Inc (AIOT) estimates and forecasts
Year-over-year growth is forecast to reach 148.80% 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 74.39M. 7 analysts are of the opinion that PowerFleet Inc’s revenue for the current quarter will be 91.82M. The estimates for the next quarter sales put growth at 166.10%.
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 increase by 15.87%, 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 on 2024-Nov-12.
