PowerFleet Inc (NASDAQ:AIOT) At $5.88: Does It Look Expensive?

In last trading session, PowerFleet Inc (NASDAQ:AIOT) saw 2.06 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $5.88 trading at $0.03 or 0.51% at ring of the bell on the day assigns it a market valuation of $779.16M. That closing price of AIOT’s stock is at a discount of -48.13% from its 52-week high price of $8.71 and is indicating a premium of 51.02% from its 52-week low price of $2.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.26 million shares which gives us an average trading volume of 2.30 million if we extend that period to 3-months.

PowerFleet Inc (NASDAQ:AIOT) trade information

Upright in the green during last session for gaining 0.51%, in the last five days AIOT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $5.88 price level, adding 7.4% to its value on the day. PowerFleet Inc’s shares saw a change of -11.71% in year-to-date performance and have moved -10.09% in past 5-day. PowerFleet Inc (NASDAQ:AIOT) showed a performance of -24.62% in past 30-days. Number of shares sold short was 7.53 million shares which calculate 3.01 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 16.0% 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 7. It follows that stock’s current price would drop -19.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.05% for stock’s current value.

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. In 2025, company’s earnings growth rate is likely to be around -1020.76% while estimates for its earnings growth in next 5 years are of 120.23%.

PowerFleet Inc (NASDAQ:AIOT)’s Major holders

Insiders are in possession of 5.91% of company’s total shares while institution are holding 74.05 percent of that, with stock having share float percentage of 78.70%. Investors also watch the number of corporate investors in a company very closely, which is 74.05% institutions for PowerFleet Inc that are currently holding shares of the company.