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Powerfleet (AIOT)
NASDAQ:AIOT
Powerfleet (AIOT) Stock Price & Analysis
558 Followers
AIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.64 - $5.67
Previous Close$5.2
Volume1.21M
Average Volume (3M)992.31K
Market Cap
$558.22M
Enterprise Value$567.44M
Total Cash (Recent Filing)$19.30M
Total Debt (Recent Filing)$28.45M
Price to Earnings (P/E)―
Beta1.06
Next Earnings
Aug 07, 2024EPS Estimate
-$0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding107,349,987
10 Day Avg. Volume689,519
30 Day Avg. Volume992,314
Standard Deviation0.18
R-Squared0.27
Alpha-0.00504
Financial Highlights & Ratios
Price to Book (P/B)13.18
Price to Sales (P/S)9.59
Price to Cash Flow (P/CF)-73.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.22
Enterprise Value/Gross Profit8.84
Enterprise Value/Ebitda143.11
Forecast
1Y Price Target
$8.75Price Target Upside72.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Powerfleet News
Bulls Say, Bears Say
Bulls Say
Financial GrowthAnalysts anticipate a substantial increase in PowerFleet's adjusted EBITDA, forecasting growth from $40 million to $60 million in one year, followed by a rise to $100 million, signaling potential outperformance against conservative management estimates.
Mergers And AcquisitionsPowerFleet's impending merger with MiX Telematics is expected to create a dominant SaaS provider, delivering critical data insights and driving shareholder value with a BUY rating and a $6 price target.
Product DevelopmentThe launch of PowerFleet’s innovative Unity software platform, combined with the acquisition of Movingdots, enhances the company's ability to offer valuable upsell and cross-sell opportunities to its growing customer base.
Bears Say
Earnings QualityA decline in service revenue gross profit and a shrinking gross margin could signal a deterioration in the company's earnings quality.
Financial StabilityThe company's decision to take on an additional $75 million in debt could strain its financial stability and potentially lead to increased interest expenses.
Profitability ConcernsThe year-over-year drop in service revenue gross profit, coupled with a significant gross margin contraction, points to emerging profitability concerns for the company.
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Ownership Overview
15.02% Insiders
9.96% Mutual Funds
7.18% Other Institutional Investors
67.85% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
AIOT FAQ
What was Powerfleet’s price range in the past 12 months?
Powerfleet lowest stock price was $1.64 and its highest was $5.67 in the past 12 months.
What is Powerfleet’s market cap?
Currently, no data Available
When is Powerfleet’s upcoming earnings report date?
Powerfleet’s upcoming earnings report date is Aug 07, 2024 which is in 21 days.
How were Powerfleet’s earnings last quarter?
Powerfleet released its earnings results on Mar 12, 2024. The company reported $0.035 earnings per share for the quarter, beating the consensus estimate of -$0.02 by $0.055.
Is Powerfleet overvalued?
According to Wall Street analysts Powerfleet’s price is currently Undervalued.
Does Powerfleet pay dividends?
Powerfleet does not currently pay dividends.
What is Powerfleet’s EPS estimate?
Powerfleet’s EPS estimate is -$0.06.
How many shares outstanding does Powerfleet have?
Powerfleet has 107,349,980 shares outstanding.
What happened to Powerfleet’s price movement after its last earnings report?
Powerfleet reported an EPS of $0.035 in its last earnings report, beating expectations of -$0.02. Following the earnings report the stock price went up 8.966%.
Which hedge fund is a major shareholder of Powerfleet?
Among the largest hedge funds holding Powerfleet’s share is Private Capital Management, LLC. It holds Powerfleet’s shares valued at 32M.
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Powerfleet Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$8.75 (72.24% Upside)
$8.75 (72.24% Upside)
Blogger Sentiment
Bullish
AIOT Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 4.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.5%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Company Description
Powerfleet
PowerFleet, Inc. engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things (IoT) and machine to machine (M2M) solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets. The company was founded in 1993 and is headquartered in Woodcliff Lake, NJ.
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AIOT Earnings Call
Q4 2024
0:00 / 0:00
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AIOT Stock 12 Month Forecast
Average Price Target
$8.75
▲(72.24% Upside)
Technical Analysis
Best Analysts Covering AIOT
1 Year
1 Year Success Rate
10/13 ratings generated profit
1 Year Average Return
+25.91%
reiterated a buy rating 2 days ago
Copying Jaeson Schmidt's trades and holding each position for 1 Year would result in 76.92% of your transactions generating a profit, with an average return of +25.91% per trade.
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