Barrington Research Reaffirms “Outperform” Rating for Powerfleet (NASDAQ:AIOT)

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $10.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 91.94% from the stock’s previous close.

Powerfleet Stock Down 5.1 %

Powerfleet stock opened at $5.21 on Monday. The stock has a fifty day moving average of $5.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.99. Powerfleet has a one year low of $2.03 and a one year high of $5.81.

Powerfleet (NASDAQ:AIOT) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The firm had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $71.13 million. On average, research analysts predict that Powerfleet will post -0.13 EPS for the current fiscal year.

Powerfleet Company Profile

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.