PowerFleet Inc (NASDAQ:AIOT) traded at $6.35 at close of the session on Tuesday, January 24 and made a downward move of -0.63% on its previous day’s price.
Looking at the stock we see that its previous close was $6.39 and the beta (5Y monthly) reads 1.674 with the day’s price range being $6.26 – $6.51. In terms of its 52-week price range, AIOT has a high of $7.38 and a low of $2.85. The company’s stock has lost about -2.76% over that past 30 days.
PowerFleet Inc has a market cap of $839.42 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 99.43M, with a low of 93M and a high of 101M. The median projection represents growth squeezing down to 188.18% compared to sales growth for the corresponding quarter a year ago.
On the other hand, looking at the outlook for the AIOT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is 0.87% off its SMA20 and -2.30% from its 50-day simple moving average. The RSI (14) is pointing at 51.09 while the volatility over the past week is 4.55% and jumps to 6.06% over the past one month. The beta value is 1.76, while the average true range (ATR) is currently pointing at 0.39. The average price target for the stock over the next 12 months is $8, with the estimates having a low of $7 and a high of $9. These price ends are -10.24% and -41.73% off the current price level respectively, although investors could be excited at the prospect of a -25.98% if the AIOT share price touches on the median price of $8.
Coming back to PowerFleet Inc (NASDAQ:AIOT), we note that the average 3-month trading volume was 1.83 million, while that of the preceding 10-day period stands at 1.77 million. Current shares outstanding are 132.19 million.
The insiders hold 5.51% of the company’s shares while institutions hold 60.09%. The data shows that short shares as of 2024-12-31, stood at 9.06 million at a short ratio of 4.45. This represents a 726.00 short interest in shares outstanding on 2024-12-31. Shares short rose in December from the previous month at 7.57 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -4.65% down in year-to-date price movement.
