In the last trading session, 6.91 million shares of the PowerFleet Inc (NASDAQ:AIOT) were traded, and its beta was 1.80. Most recently the company’s share price was $8.51, and it changed around $0.71 or 9.10% from the last close, which brings the market valuation of the company to $1.12B. AIOT currently trades at a discount to its 52-week high of $8.26, offering almost 2.94% off that amount. The share price’s 52-week low was $2.85, which indicates that the current value has risen by an impressive 66.51% since then. We note from PowerFleet Inc’s average daily trading volume that its 10-day average is 2.31 million shares, with the 3-month average coming to 2.09 million.
PowerFleet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.14. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended AIOT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. PowerFleet Inc is expected to report earnings per share of 0.06 for the current quarter.
PowerFleet Inc (NASDAQ:AIOT) trade information
Instantly AIOT has showed a green trend with a performance of 9.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.71 on recent trading dayincreased the stock’s daily price by 2.3%. The company’s shares are currently up 27.78% year-to-date, but still up 41.60% over the last five days. On the other hand, PowerFleet Inc (NASDAQ:AIOT) is 50.09% up in the 30-day period. We can see from the shorts that 8.58 million shares have been sold at a short interest cover period of 3.29 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to decrease their stock price by -6.37% from its current value. Analyst projections state that AIOT is forecast to be at a low of $7 and a high of $9.
PowerFleet Inc (AIOT) estimates and forecasts
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 103.88M in revenue for the current quarter. 7 analysts expect PowerFleet Inc to make 105.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 33.74M and 75.43M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 207.87%. Forecasts for the next quarter put sales growth at 40.19%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -30.10%. PowerFleet Inc earnings are expected to increase by -969.03% in 2025, but the outlook is positive 122.69% per year for the next five years.
PowerFleet Inc (NASDAQ:AIOT)’s Major holders
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 3.18 shares worth $27.03 million, making up 2.40% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.65 shares worth around $22.58 million, which represents about 2.01% of the total shares outstanding.
