Look Past The Setbacks And Give PowerFleet Inc (NASDAQ: AIOT) Another Chance

PowerFleet Inc (NASDAQ:AIOT) currently has a daily average trading volume of 1.56M but it saw 2845316 shares traded in last market. With a market cap of 832.81M USD, the company’s current market price of $6.30 came falling about -5.41 while comparing to the previous closing price of $6.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.38 and as low as $2.85. In the recent trading on the day, stock has struck highest price mark of $6.14 while lowest mark touched by it was $6.69.

Taking a look at 20-day trading activity of PowerFleet Inc (AIOT) gives us an average price of $6.74, while its current price level is -14.63% below from 52-week high level whereas it is 121.05% 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 $6.24 while that of 200 days or SMA-200 reads an average of $5.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.16% during that period while stretching the period over a month that increases to 6.16%. 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 44.29 which implies that the stock is in neutral territory.

Over the week, AIOT’s stock price is moving -7.76% down while it is -9.29% when we observe its performance for the past one month. Year-to-date it is -5.41% down and over the past year, the stock is showing an upside performance of 92.07%.

Currently, PowerFleet Inc’s total number of outstanding shares is 132.19M. Company’s return on investment (ROI) stands at -6.27% and return on equity (ROE) at -10.54%. It has a 17.31 of forward P/E ratio. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 1.51 while price to sale or P/S ratio amounts to 3.77. Its return on asset (ROA) is -6.50% on average.