Northland Securities Forecasts Strong Price Appreciation for Powerfleet (NASDAQ:AIOT) Stock

Powerfleet (NASDAQ:AIOT - Free Report) had its price target increased by Northland Securities from $8.00 to $10.00 in a report published on Friday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

AIOT has been the topic of several other reports. William Blair reiterated an "outperform" rating on shares of Powerfleet in a research report on Thursday. Barrington Research restated an "outperform" rating and set a $10.00 price objective on shares of Powerfleet in a research report on Monday, November 11th.

Powerfleet Stock Performance

Shares of NASDAQ AIOT traded up $0.47 during midday trading on Friday, hitting $7.11. 3,298,407 shares of the company's stock were exchanged, compared to its average volume of 884,272. Powerfleet has a twelve month low of $2.22 and a twelve month high of $7.23. 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 business's 50 day moving average is $5.30.

Powerfleet (NASDAQ:AIOT - Get Free Report) last announced 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 business had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.54 million. During the same period in the previous year, the business earned ($0.14) EPS. On average, equities research analysts forecast that Powerfleet will post -0.13 EPS for the current 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.