PowerFleet Inc (NASDAQ: AIOT) on Monday, soared 5.14% from the previous trading day, before settling in for the closing price of $6.61. Within the past 52 weeks, AIOT’s price has moved between $2.28 and $7.38.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 18.53%. The company achieved an average annual earnings per share of -13.10%. With a float of $124.91 million, this company’s outstanding shares have now reached $132.19 million.
Considering the fact that the conglomerate employs 780 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 51.9%, operating margin of -13.22%, and the pretax margin is -15.67%.
PowerFleet Inc (AIOT) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of PowerFleet Inc is 5.51%, while institutional ownership is 58.57%. The most recent insider transaction that took place on Dec 05 ’24, was worth 1,842,559. Before that another transaction happened on Dec 06 ’24, when Company’s Chief Customer Officer sold 187,990 for $6.73, making the entire transaction worth $1,265,173. This insider now owns 52,972 shares in total.
PowerFleet Inc (AIOT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -13.10% per share during the next fiscal year.
PowerFleet Inc (NASDAQ: AIOT) Trading Performance Indicators
PowerFleet Inc (AIOT) is currently performing well based on its current performance indicators. A quick ratio of 1.51 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.36 in one year’s time.
Technical Analysis of PowerFleet Inc (AIOT)
Compared to the last year’s volume of 0.91 million, its volume of 1.28 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 31.49%. Additionally, its Average True Range was 0.38.
During the past 100 days, PowerFleet Inc’s (AIOT) raw stochastic average was set at 87.32%, which indicates a significant increase from 50.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.39% in the past 14 days, which was lower than the 63.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.95, while its 200-day Moving Average is $4.97. Nevertheless, the first resistance level for the watch stands at $7.11 in the near term. At $7.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.56. If the price goes on to break the first support level at $6.67, it is likely to go to the next support level at $6.39. Should the price break the second support level, the third support level stands at $6.22.
PowerFleet Inc (NASDAQ: AIOT) Key Stats
Market capitalization of the company is 894.38 million based on 132,192K outstanding shares. Right now, sales total 133,740 K and income totals -5,680 K. The company made 77,020 K in profit during its latest quarter, and -1,880 K in sales during its previous quarter.
