In last trading session, PowerFleet Inc (NASDAQ:AIOT) saw 0.58 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $7.06 trading at -$0.11 or -1.53% at ring of the bell on the day assigns it a market valuation of $932.89M. That closing price of AIOT’s stock is at a discount of -4.53% from its 52-week high price of $7.38 and is indicating a premium of 68.56% from its 52-week low price of $2.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.16 million shares which gives us an average trading volume of 1.21 million if we extend that period to 3-months.
PowerFleet Inc (NASDAQ:AIOT) trade information
Upright in the red during last session for losing -1.53%, in the last five days AIOT remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $7.06 price level, adding 4.34% to its value on the day. PowerFleet Inc’s shares saw a change of 106.43% in year-to-date performance and have moved 6.33% in past 5-day. PowerFleet Inc (NASDAQ:AIOT) showed a performance of 33.46% in past 30-days. Number of shares sold short was 7.32 million shares which calculate 6.34 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 11.75% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 0.85% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.85% for stock’s current value.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 99.43M for the same. And 7 analysts are in estimates of company making revenue of 100.57M in the next quarter. Company posted 34.5M and 33.74M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.10% during past 5 years.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.18 shares of worth $22.36 million or 2.40% of the total outstanding shares. The later fund manager was in possession of 2.48 shares on Aug 31, 2024 , making its stake of worth around $17.46 million in the company or a holder of 1.88% of company’s stock.
