PowerFleet Inc (NASDAQ:AIOT)’s traded shares stood at 1.78 million during the last session, with the company’s beta value hitting 1.70. At the close of trading, the stock’s price was $5.95, to imply a decrease of -1.49% or -$0.09 in intraday trading. The AIOT share’s 52-week high remains $6.68, putting it -12.27% down since that peak but still an impressive 62.69% since price per share fell to its 52-week low of $2.22. The company has a valuation of $786.23M, with an average of 1.51 million shares in intraday trading volume over the past 10 days and average of 1.03 million shares over the past 3 months.
PowerFleet Inc (NASDAQ:AIOT) trade information
After registering a -1.49% downside in the last session, PowerFleet Inc (AIOT) has traded red over the past five days. The 5-day price performance for the stock is 10.19%, and 9.38% over 30 days. With these gigs, the year-to-date price performance is 73.98%. Short interest in PowerFleet Inc (NASDAQ:AIOT) saw shorts transact 7.22 million shares and set a 7.52 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 -51.26% off suggested target high and -17.65% from its likely low.
PowerFleet Inc (AIOT) estimates and forecasts
Revenue is forecast to grow 430.34% this quarter before jumping 109.09% for the next one.
Revenue forecast for the current quarter as set by 7 analysts is 99.5M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 100.57M.Earnings reports from the last fiscal year show that sales brought in 34.5M and 33.74M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 188.39% before jumping 198.07% in the following quarter.
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 15.87% 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-12. 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.
