During the last session, PowerFleet Inc (NASDAQ:AIOT)’s traded shares were 1.09 million, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $4.75, reflecting an intraday loss of -0.63% or -$0.03. The 52-week high for the AIOT share is $8.71, that puts it down -83.37 from that peak though still a striking 22.11% gain since the share price plummeted to a 52-week low of $3.70. The company’s market capitalization is $629.41M, and the average intraday trading volume over the past 10 days was 2.72 million shares, and the average trade volume was 2.09 million shares over the past three months.
PowerFleet Inc (NASDAQ:AIOT) trade information
PowerFleet Inc (AIOT) registered a -0.63% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.63% in intraday trading to $4.75, hitting a weekly high. The stock’s 5-day price performance is -6.68%, and it has moved by -16.81% in 30 days. Based on these gigs, the overall price performance for the year is 12.29%. The short interest in PowerFleet Inc (NASDAQ:AIOT) is 11.2 million shares and it means that shorts have 6.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 40.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $9 respectively. As a result, AIOT is trading at a discount of -89.47% off the target high and -47.37% off the low.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 103.79M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 105.61M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 33.74M and 75.43M respectively. In this case, analysts expect current quarter sales to grow by 207.63% and then jump by 40.01% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -30.10%. While earnings are projected to return -1294.92% in 2025, the next five years will return 120.23% per annum.
AIOT Dividends
PowerFleet Inc is due to release its next quarterly earnings on 2025-Feb-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PowerFleet Inc (NASDAQ:AIOT)’s Major holders
PowerFleet Inc insiders own 6.10% of total outstanding shares while institutional holders control 74.96%, with the float percentage being 79.83%.
Also, the Mutual Funds coming in first place with the largest holdings of PowerFleet Inc (AIOT) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 3.85 shares. This amounts to just over 2.91 percent of the company’s overall shares, with a $18.3 million market value. The same data shows that the other fund manager holds slightly less at 2.64, or about 1.99% of the stock, which is worth about $12.53 million.
