In the last trading session, 2.45 million shares of the PowerFleet Inc (NASDAQ:AIOT) were traded, and its beta was 1.51. Most recently the company’s share price was $6.20, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $821.56M. AIOT currently trades at a discount to its 52-week high of $8.71, offering almost -40.48% off that amount. The share price’s 52-week low was $3.85, which indicates that the current value has risen by an impressive 37.9% since then. We note from PowerFleet Inc’s average daily trading volume that its 10-day average is 1.41 million shares, with the 3-month average coming to 2.20 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 0.05 for the current quarter.
PowerFleet Inc (NASDAQ:AIOT) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.23 on recent trading dayincreased the stock’s daily price by 0.48%. The company’s shares are currently down -6.91% year-to-date, but still up 8.58% over the last five days. On the other hand, PowerFleet Inc (NASDAQ:AIOT) is -15.42% down in the 30-day period. We can see from the shorts that 9.66 million shares have been sold at a short interest cover period of 4.78 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 11.43% from its current value. Analyst projections state that AIOT is forecast to be at a low of $7 and a high of $7.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 103.79M in revenue for the current quarter. 7 analysts expect PowerFleet Inc to make 105.61M 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 207.63%. Forecasts for the next quarter put sales growth at 40.01%.
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 -1020.76% in 2025, but the outlook is positive 120.23% per year for the next five years.
AIOT Dividends
PowerFleet Inc’s next quarterly earnings report is expected to be released on 2025-Feb-09.
PowerFleet Inc (NASDAQ:AIOT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.91% of PowerFleet Inc shares, and 74.14% of them are in the hands of institutional investors. The stock currently has a share float of 78.80%.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.85 shares worth $23.89 million, making up 2.91% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.57 shares worth around $15.92 million, which represents about 1.94% of the total shares outstanding.
