In the last trading session, 2.52 million PowerFleet Inc (NASDAQ:AIOT) shares changed hands as the company’s beta touched 1.42. With the company’s per share price at $4.38 changed hands at -$0.12 or -2.67% during last session, the market valuation stood at $580.39M. AIOT’s last price was a discount, traded about -98.86% off its 52-week high of $8.71. The share price had its 52-week low at $3.70, which suggests the last value was 15.53% up since then. When we look at PowerFleet Inc’s average trading volume, we note the 10-day average is 2.47 million shares, with the 3-month average coming to 2.15 million.
PowerFleet Inc (NASDAQ:AIOT) trade information
Instantly AIOT was in red as seen at the end of in last trading. With action -20.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.23%, with the 5-day performance at -20.22% in the red. However, in the 30-day time frame, PowerFleet Inc (NASDAQ:AIOT) is -21.86% down. Looking at the short shares, we see there were 9.66 million shares sold at short interest cover period of 4.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 45.25% from its current market value. According to analyst projections, AIOT’s forecast low is 7 with 9 as the target high. To hit the forecast high, the stock’s price needs a -105.48% plunge from its current level, while the stock would need to soar -59.82% for it to hit the projected low.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 103.79M. 7 analysts are of the opinion that PowerFleet Inc’s revenue for the current quarter will be 105.61M. The company’s revenue for the corresponding quarters a year ago was 33.74M and 75.43M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 207.63%. The estimates for the next quarter sales put growth at 40.01%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.10%. The 2025 estimates are for PowerFleet Inc earnings to decrease by -1020.76%, but the outlook for the next 5-year period is at 120.23% per year.
AIOT Dividends
PowerFleet Inc is expected to release its next quarterly earnings report on 2025-Feb-09.
PowerFleet Inc (NASDAQ:AIOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.91% of PowerFleet Inc shares while 74.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.00%.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.85 shares estimated at $16.88 million under it, the former controlled 2.91% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.84% of the shares, roughly 2.44 shares worth around $10.68 million.
