PowerFleet Inc (NASDAQ:AIOT) has a beta value of 1.75 and has seen 2.0 million shares traded in the last trading session. The company, currently valued at $1.04B, closed the last trade at $7.36 per share which meant it gained $0.25 on the day or 3.52% during that session. The AIOT stock price is 1.77% off its 52-week high price of $7.23 and 69.84% above the 52-week low of $2.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.44 million shares traded. The 3-month trading volume is 1.17 million shares.
PowerFleet Inc (NASDAQ:AIOT) trade information
Sporting 3.52% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AIOT stock price touched $7.36 or saw a rise of 0.27%. Year-to-date, PowerFleet Inc shares have moved 115.20%, while the 5-day performance has seen it change 16.83%. Over the past 30 days, the shares of PowerFleet Inc (NASDAQ:AIOT) have changed 44.31%. Short interest in the company has seen 7.22 million shares shorted with days to cover at 7.52.
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Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 8.0% from current levels. The projected low price target is $7.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -22.28% off the targeted high while a plunge would see the stock lose 4.89% from current levels.
PowerFleet Inc (AIOT) estimates and forecasts
The company’s shares have gained 36.04% over the past 6 months, compared to 3.40% for the industry.
7 analysts offering their estimates for the company have set an average revenue estimate of 99.43M for the current quarter. 7 have an estimated revenue figure of 100.57M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -30.10% over the past 5 years.
AIOT Dividends
PowerFleet Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.40% shares in the company for having 3.18 shares of worth $23.38 million while later fund manager owns 2.47 shares of worth $18.2 million as of Sep 30, 2024 , which makes it owner of about 1.87% of company’s outstanding stock.
