During the recent session, PowerFleet Inc (NASDAQ:AIOT)’s traded shares were 1.0 million, with the beta value of the company hitting 1.73. At the last check today, the stock’s price was $7.04, reflecting an intraday gain of 6.09% or $0.4. The 52-week high for the AIOT share is $6.80, that puts it up 3.41 from that peak though still a striking 68.47% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $930.86M, and the average intraday trading volume over the past 10 days was 2.18 million shares, and the average trade volume was 1.15 million shares over the past three months.
PowerFleet Inc (NASDAQ:AIOT) trade information
PowerFleet Inc (AIOT) registered a 6.09% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.09% in intraday trading to $7.04, hitting a weekly high. The stock’s 5-day price performance is 18.40%, and it has moved by 36.52% in 30 days. Based on these gigs, the overall price performance for the year is 202.34%. The short interest in PowerFleet Inc (NASDAQ:AIOT) is 7.22 million shares and it means that shorts have 7.52 day(s) to cover.
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The consensus price target of analysts on Wall Street is $8, which implies an increase of 12.0% 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 -27.84% off the target high and 0.57% 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 430.34% this quarter and then jump 109.09% in the quarter after that.
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 99.43M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 100.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 34.5M and 33.74M respectively. In this case, analysts expect current quarter sales to grow by 188.18% and then jump by 198.07% in the coming quarter.
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 15.87% 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 December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PowerFleet Inc (NASDAQ:AIOT)’s Major holders
Also, the Mutual Funds coming in first place with the largest holdings of PowerFleet Inc (AIOT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.18 shares. This amounts to just over 2.40 percent of the company’s overall shares, with a $22.52 million market value. The same data shows that the other fund manager holds slightly less at 2.47, or about 1.87% of the stock, which is worth about $17.53 million.
