Powerfleet (NASDAQ:AIOT - Get Free Report) had its target price lifted by stock analysts at Barrington Research from $10.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's target price would indicate a potential upside of 110.97% from the stock's current price.
Several other equities analysts have also commented on AIOT. William Blair reaffirmed an "outperform" rating on shares of Powerfleet in a research report on Thursday. Northland Securities upped their price target on shares of Powerfleet from $8.00 to $10.00 and gave the stock an "outperform" rating in a research report on Friday.
View Our Latest Analysis on AIOT
Powerfleet Stock Performance
Shares of NASDAQ:AIOT traded up $0.47 during trading on Friday, reaching $7.11. The stock had a trading volume of 3,301,991 shares, compared to its average volume of 1,544,180. The firm's fifty day moving average is $5.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. Powerfleet has a fifty-two week low of $2.22 and a fifty-two week high of $7.23.
Powerfleet (NASDAQ:AIOT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.02 million for the quarter, compared to analysts' expectations of $74.54 million. During the same period last year, the business earned ($0.14) earnings per share. On average, equities analysts expect that Powerfleet will post -0.14 EPS for the current year.
Powerfleet Company Profile
(
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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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