Shares of Powerfleet, Inc. (NASDAQ:AIOT - Get Free Report) saw strong trading volume on Friday . 972,585 shares changed hands during mid-day trading, an increase of 3% from the previous session's volume of 948,246 shares.The stock last traded at $6.88 and had previously closed at $7.10.
Analyst Upgrades and Downgrades
AIOT has been the subject of a number of research analyst reports. Barrington Research boosted their price objective on Powerfleet from $10.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Northland Securities lifted their price target on Powerfleet from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Powerfleet in a report on Thursday, November 21st.
Read Our Latest Research Report on Powerfleet
Powerfleet Stock Down 4.2 %
The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $6.24.
Powerfleet (NASDAQ:AIOT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The firm had revenue of $77.02 million for the quarter, compared to the consensus estimate of $74.54 million. During the same period last year, the firm posted ($0.14) EPS. Equities analysts expect that Powerfleet, Inc. will post -0.14 earnings per share for the current fiscal year.
Insider Activity
In other Powerfleet news, insider Catherine J. Lewis sold 82,010 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $7.05, for a total value of $578,170.50. Following the transaction, the insider now directly owns 240,962 shares of the company's stock, valued at $1,698,782.10. This trade represents a 25.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.79% of the company's stock.
About Powerfleet
(
Get Free Report)
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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