PowerFleet Inc (NASDAQ:AIOT) does about 1.15M shares in volume on a normal day but saw 3301351 shares change hands in the recent trading day. The company now has a market cap of 1.01B USD. Its current market price is $7.11, marking an increase of 7.08% compared to the previous close of $6.64. The 52 week high reached by this stock is $6.80 whilst the lowest price level in 52 weeks is $2.22. The script in recent trading has seen the stock touch a high of $9 and a low of $7.
PowerFleet Inc (AIOT) has a 20-day trading average at $5.67 and the current price is 4.56% off the 52-week high compared with 220.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.34 and its 200-day simple moving average is $4.68. If we look at the stock’s price movements over the week, volatility stands at 8.32%, which decreases to 7.26% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.45 to suggest the stock is overbought.
The consensus objective for the share price is $10.17, suggesting that the stock has a potential upside of 30.09% over the period. The median price target is 11.12% away from the current levels at $8.
The current price level is 25.31%, 33.11%, and 51.87% away from its SMA20, SMA50, and SMA200 respectively, with the AIOT price moving below the 50-day SMA on current market day. PowerFleet Inc (AIOT) stock is up 19.50% over the week and 37.79% over the past month. Its price is 107.89% year-to-date and 205.15% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 0.01 above consensus estimates by 0.03. The company’s next earnings report forecasts estimating quarterly EPS at 0.05 and 0.11 for whole year. Expected sales for next quarter are $100.57M, which analysts say will come at $352.45M for the current fiscal year and next year at $436.53M. In addition, estimates put the company’s current quarterly revenue at an average of $99.43M.
Its 12-month price target is $8. To reach the target analysts have set, the stock logically needs to grow 30.09 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $9.
Outstanding shares total 132.14M with insiders holding 5.93% of the shares and institutional holders owning 59.36% of the company’s common stock. The company has a return on investment of -6.27% and return on equity of -10.54%. The forward price to earnings ratio is 19.53. The beta has a value of 1.73. Price to book ratio is 1.70 and price to sales ratio is 4.55.
