It makes sense and dollars to buy PowerFleet Inc (PWFL) stock

With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $5.53 whereas the lowest price it dropped to was $5.2902. The 52-week range on PWFL shows that it touched its highest point at $5.67 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $8.43. Beta for the stock currently stands at 1.76.

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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 6.45%, but this was up by 28.84% over a month. Three-month performance surged to 74.68% while six-month performance rose 163.29%. The stock gained 88.58% in the past year, while it has gained 59.36% so far this 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 -7.57%.

Float and Shares Shorts:

At present, 107.35 million PWFL shares are outstanding with a float of 78.26 million shares on hand for trading. On 2024-04-30, short shares totaled 1.18 million, which was 109.00000000000001 higher than short shares on 1711584000. In addition to Mr. Offer Lehmann as the firm’s Chief Operating Officer, Ms. Andrea Hayton serves as its Chief Marketing Officer.

Institutional Ownership:

Through their ownership of 0.34724998 of PWFL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, PWFL reported revenue of $34652000.0 and operating income of -$4276000.0. The EBITDA in the recently reported quarter was -$1730000.0 and diluted EPS was $nan.

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.