A Look at PowerFleet Inc (PWFL) Shares in the Recent Past Indicates Growth

With 2.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. The 52-week range on PWFL shows that it touched its highest point at $5.64 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $8.00. Beta for the stock currently stands at 1.74.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PWFL was up-trending over the past week, with a rise of 10.58%, but this was up by 61.01% over a month. Three-month performance surged to 49.71% while six-month performance rose 147.34%. The stock gained 67.32% in the past year, while it has gained 49.71% so far this year. A look at the trailing 12-month EPS for PWFL yields -0.29 with Next year EPS estimates of 0.43. For the next quarter, that number is -0.01. This implies an EPS growth rate of 461.25% for this year and 177.42% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.00%.

Float and Shares Shorts:

At present, 37.21 million PWFL shares are outstanding with a float of 33.27 million shares on hand for trading. On Mar 15, 2024, short shares totaled 6.16 million, which was 16.55% higher than short shares on Feb 15, 2024. In addition to Mr. Steve Towe as the firm’s CEO & Director, Mr. James Zeitunian serves as its Chief Technology Officer.

Institutional Ownership:

Through their ownership of 83.80% of PWFL’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PWFL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PWFL has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PWFL currently yields $0.00. In the past year, PWFL’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PWFL has a current buyback yield of $0.09. This was $0.09 for the TTM, and it was $– for the past five years.