PowerFleet Inc (NASDAQ:AIOT) does about 1.34M shares in volume on a normal day but saw 1840639 shares change hands in the recent trading day. The company now has a market cap of 917.41M USD. Its current market price is $6.94, marking a decrease of -0.14% compared to the previous close of $6.95. The 52 week high reached by this stock is $7.38 whilst the lowest price level in 52 weeks is $2.44. 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 $6.90 and the current price is -5.96% off the 52-week high compared with 184.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.99 and its 200-day simple moving average is $4.99. If we look at the stock’s price movements over the week, volatility stands at 4.69%, which increases to 5.82% 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 57.74 to suggest the stock is neutral.
The consensus objective for the share price is $10.17, suggesting that the stock has a potential upside of 31.76% over the period. The median price target is 13.25% away from the current levels at $8.
The current price level is 0.59%, 15.88%, and 39.08% 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 2.97% over the week and 16.64% over the past month. Its price is 102.92% year-to-date and 163.88% over the past year.
Its 12-month price target is $8. To reach the target analysts have set, the stock logically needs to grow 31.76 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 132.19M with insiders holding 5.72% of the shares and institutional holders owning 59.41% 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 19.07. The beta has a value of 1.76. Price to book ratio is 1.66 and price to sales ratio is 4.15.
