PowerFleet Inc (NASDAQ: AIOT) is -6.18% lower on its value in year-to-date trading and has touched a low of $3.70 and a high of $8.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AIOT stock was last observed hovering at around $4.21 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $4.4, the stock is 0.34% and -8.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 4.51% at the moment leaves the stock -22.62% off its SMA200. AIOT registered -33.93% loss for a year compared to 6-month loss of -21.85%. The firm has a 50-day simple moving average (SMA 50) of $4.8554 and a 200-day simple moving average (SMA200) of $5.6926.
The stock witnessed a -1.12% gain in the last 1 month and extending the period to 3 months gives it a -7.95%, and is 2.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.52% over the week and 5.06% over the month.
PowerFleet Inc (AIOT) has around 2518 employees, a market worth around $586.83M and $362.51M in sales. Fwd P/E is 17.37. Profit margin for the company is -14.07%. Distance from 52-week low is 18.92% and -49.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.43%).
The EPS is expected to grow by 118.60% this year
248.0 institutions hold shares in PowerFleet Inc (AIOT), with institutional investors hold 85.98% of the company’s shares. The shares outstanding are 133.32M, and float is at 123.64M with Short Float at 11.59%. Institutions hold 80.74% of the Float.
PowerFleet Inc (AIOT) Insider Activity
PowerFleet Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Lewis Catherine J (Chief Customer Officer) sold a total of 187,990 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $6.73 per share for $1.27 million. Following the transaction, the insider now directly holds 52972.0 shares of the AIOT stock.
Still, SEC filings show that on Dec 05 ’24, Lewis Catherine J (Chief Customer Officer) disposed off 82,010 shares at an average price of $7.05 for $0.58 million. The insider now directly holds 240,962 shares of PowerFleet Inc (AIOT).
