PowerFleet Inc (AIOT) Down -18.52% From Its 52-Week High, But Growth Potential Is Changing Over Time

PowerFleet Inc (NASDAQ:AIOT) currently has a daily average trading volume of 1.01M but it saw 695703 shares traded in last market. With a market cap of 497.85M USD, the company’s current market price of $4.62 came falling about -0.22 while comparing to the previous closing price of $4.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.67 and as low as $1.64. In the recent trading on the day, stock has struck highest price mark of $4.54 while lowest mark touched by it was $4.7.

Taking a look at 20-day trading activity of PowerFleet Inc (AIOT) gives us an average price of $4.81, while its current price level is -18.52% below from 52-week high level whereas it is 181.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.71 while that of 200 days or SMA-200 reads an average of $4.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.79% during that period while stretching the period over a month that increases to 5.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.44 which implies that the stock is in neutral territory.

Over the week, AIOT’s stock price is moving -5.52% down while it is -5.91% when we observe its performance for the past one month. Year-to-date it is 35.09% up and over the past year, the stock is showing an upside performance of 96.60%.

Currently, PowerFleet Inc’s total number of outstanding shares is 107.76M. Company’s return on investment (ROI) stands at -7.46% and return on equity (ROE) at -12.08%. It has a 15.50 of forward P/E ratio. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 1.27 while price to sale or P/S ratio amounts to 2.83. Its return on asset (ROA) is -7.15% on average.