PowerFleet Inc (NASDAQ:AIOT) shares, rose in value on Thursday, March 27, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $5.93.
Actively observing the price movement in the last trading, the stock closed the session at $6.01, falling within a range of $5.77 and $5.96. The value of beta (5-year monthly) was 1.78. Referring to stock’s 52-week performance, its high was $8.71, and the low was $3.85. On the whole, AIOT has fluctuated by -19.65% over the past month.
With the market capitalization of PowerFleet Inc currently standing at about $785.78 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-09.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AIOT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of AIOT currently trading nearly -1.86% and -8.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.30, while the 7-day volatility ratio is showing 5.23% which for the 30-day chart, stands at 6.76%. Furthermore, PowerFleet Inc (AIOT)’s beta value is 1.52, and its average true range (ATR) is 0.41.
A comparison of PowerFleet Inc (AIOT) with its peers suggests the former has fared considerably weaker in the market. AIOT showed an intraday change of -1.33% in last session, and over the past year, it grew by 28.08%%.
Data on historical trading for PowerFleet Inc (NASDAQ:AIOT) indicates that the trading volumes over the past 10 days have averaged 1.28 and over the past 3 months, they’ve averaged 2.20 million. According to company’s latest data on outstanding shares, there are 132.49 million shares outstanding.
Nearly 5.53% of PowerFleet Inc’s shares belong to company insiders and institutional investors own 72.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.66 million shares as on 2025-03-14, resulting in a short ratio of 4.78. According to the data, the short interest in PowerFleet Inc (AIOT) stood at 773.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.23 million. The stock has fallen by -10.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AIOT stock heading into the next quarter.
