PowerFleet Inc (NASDAQ: AIOT): Retirees Don’t Worry About Volatility

PowerFleet Inc (NASDAQ:AIOT) currently has a daily average trading volume of 1.02M but it saw 801870 shares traded in last market. With a market cap of 484.92M USD, the company’s current market price of $4.50 came falling about -0.22 while comparing to the previous closing price of $4.51. 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 $4.37 while lowest mark touched by it was $4.558.

Taking a look at 20-day trading activity of PowerFleet Inc (AIOT) gives us an average price of $4.78, while its current price level is -20.63% below from 52-week high level whereas it is 174.39% 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 $4.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.89% during that period while stretching the period over a month that decreases to 4.66%. 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 40.19 which implies that the stock is in neutral territory.

Over the week, AIOT’s stock price is moving -2.81% down while it is -1.32% when we observe its performance for the past one month. Year-to-date it is 31.58% up and over the past year, the stock is showing an upside performance of 100.89%.

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 15.10 of forward P/E ratio. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 2.75. Its return on asset (ROA) is -7.15% on average.