Powerfleet (NASDAQ:AIOT – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research report issued on Tuesday, Benzinga reports. They currently have a $10.00 price objective on the stock. Barrington Research’s price target indicates a potential upside of 108.77% from the stock’s previous close.
Powerfleet Price Performance
Shares of NASDAQ AIOT traded up $0.02 during trading on Tuesday, hitting $4.79. The stock had a trading volume of 85,550 shares, compared to its average volume of 789,741. The company’s fifty day moving average price is $4.76. The firm has a market capitalization of $514.21 million, a P/E ratio of -15.45 and a beta of 1.68. Powerfleet has a 12 month low of $1.64 and a 12 month high of $5.67. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.29.
Powerfleet (NASDAQ:AIOT – Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Powerfleet had a negative return on equity of 6.61% and a negative net margin of 3.86%. The company had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $71.13 million. On average, equities analysts expect that Powerfleet will post -0.16 earnings per share for the current fiscal year.
About Powerfleet
PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.
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