The Week Ahead: Are Investors Really Too Optimistic About PowerFleet Inc (NASDAQ: AIOT)

PowerFleet Inc (NASDAQ:AIOT) currently has a daily average trading volume of 1.10M but it saw 2260715 shares traded in last market. With a market cap of 856.26M USD, the company’s current market price of $6.48 came falling about -0.31 while comparing to the previous closing price of $6.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.68 and as low as $2.22. In the recent trading on the day, stock has struck highest price mark of $5.85 while lowest mark touched by it was $6.56.

Taking a look at 20-day trading activity of PowerFleet Inc (AIOT) gives us an average price of $5.50, while its current price level is -2.99% below from 52-week high level whereas it is 191.89% 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 $5.26 while that of 200 days or SMA-200 reads an average of $4.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.83% during that period while stretching the period over a month that decreases to 7.13%. 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 67.74 which implies that the stock is in neutral territory.

Over the week, AIOT’s stock price is moving 3.68% up while it is 19.12% when we observe its performance for the past one month. Year-to-date it is 89.47% up and over the past year, the stock is showing an upside performance of 182.97%.

Currently, PowerFleet Inc’s total number of outstanding shares is 132.14M. Company’s return on investment (ROI) stands at -6.27% and return on equity (ROE) at -10.54%. It has a 16.96 of forward P/E ratio. Stock’s beta reads 1.71. Stock has a price to book (P/B) ratio of 1.55 while price to sale or P/S ratio amounts to 3.87. Its return on asset (ROA) is -6.50% on average.