Powerfleet, Inc. (NASDAQ:AIOT – Get Free Report)’s stock price was up 6.2% during mid-day trading on Thursday . The company traded as high as $5.00 and last traded at $4.97. Approximately 624,097 shares were traded during trading, a decline of 22% from the average daily volume of 795,544 shares. The stock had previously closed at $4.68.
Analyst Ratings Changes
Separately, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Powerfleet in a research report on Thursday.
Get Our Latest Analysis on Powerfleet
Powerfleet Trading Up 6.4 %
Powerfleet (NASDAQ:AIOT – Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). Powerfleet had a negative return on equity of 6.61% and a negative net margin of 3.86%. The business had revenue of $75.43 million for the quarter, compared to the consensus estimate of $71.13 million. Sell-side analysts predict that Powerfleet, Inc. will post -0.16 earnings per share 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.
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