Powerfleet, Inc. (NASDAQ:AIOT - Get Free Report)'s share price shot up 5.6% on Friday after Barrington Research raised their price target on the stock from $10.00 to $15.00. Barrington Research currently has an outperform rating on the stock. Powerfleet traded as high as $7.23 and last traded at $7.01. 1,198,983 shares were traded during mid-day trading, an increase of 37% from the average session volume of 874,178 shares. The stock had previously closed at $6.64.
Several other research firms have also commented on AIOT. William Blair restated an "outperform" rating on shares of Powerfleet in a research report on Thursday. Northland Securities boosted their price target on shares of Powerfleet from $8.00 to $10.00 and gave the stock an "outperform" rating in a research note on Friday.
Read Our Latest Analysis on AIOT
Powerfleet Stock Performance
The company has a 50-day moving average price of $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 (NASDAQ:AIOT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million for the quarter, compared to the consensus estimate of $74.54 million. During the same period in the prior year, the company earned ($0.14) EPS. Research analysts predict that Powerfleet, Inc. 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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