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Powerfleet (AIOT)
NASDAQ:AIOT
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AIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.64 - $5.67
Previous Close$5
Volume373.06K
Average Volume (3M)1.09M
Market Cap
$558.19M
Enterprise Value$659.24M
Total Cash (Recent Filing)$30.24M
Total Debt (Recent Filing)$150.56M
Price to Earnings (P/E)―
Beta0.99
Next Earnings
Nov 06, 2024EPS Estimate
<$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.64
Shares Outstanding107,758,010
10 Day Avg. Volume1,074,363
30 Day Avg. Volume1,088,774
Standard Deviation0.18
R-Squared0.24
Alpha-0.00723
Financial Highlights & Ratios
Price to Book (P/B)1.38
Price to Sales (P/S)3.48
Price to Cash Flow (P/CF)-16.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.36
Enterprise Value/Gross Profit9.83
Enterprise Value/Ebitda-135.23
Forecast
1Y Price Target
$9.00Price Target Upside73.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Powerfleet News
PremiumStock Analysis & Ideas
TipRanks ‘Perfect 10’ List: 2 Top-Scoring Stocks Worth Watching
PremiumCompany Announcements
Powerfleet Expands Reach with $200M Fleet Complete Acquisition
PremiumCompany Announcements
Powerfleet Stockholders Back Leadership and Strategy PlansBulls 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
14.96% Insiders
13.37% Mutual Funds
44.89% Other Institutional Investors
26.77% 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 Nov 06, 2024 which is in 47 days.
How were Powerfleet’s earnings last quarter?
Powerfleet released its earnings results on Aug 22, 2024. The company reported $0.003 earnings per share for the quarter, beating the consensus estimate of -$0.11 by $0.113.
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 <$0.01.
How many shares outstanding does Powerfleet have?
Powerfleet has 107,758,010 shares outstanding.
What happened to Powerfleet’s price movement after its last earnings report?
Powerfleet reported an EPS of $0.003 in its last earnings report, beating expectations of -$0.11. Following the earnings report the stock price went down -0.409%.
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 31M.
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Powerfleet Stock Smart Score
Unlock Smart Score
1
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4
5
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8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$9.00 (73.75% Upside)
$9.00 (73.75% Upside)
Blogger Sentiment
Bullish
AIOT Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 377.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 19.0%
Last 30 Days ▲ 19.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
133.64%
12-Months-Change
Fundamentals
Return on Equity
-12.08%
Trailing 12-Months
Asset Growth
207.24%
Trailing 12-Months
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
$9.00
▲(73.75% Upside)
Technical Analysis
Best Analysts Covering AIOT
1 Year
1 Year Success Rate
11/16 ratings generated profit
1 Year Average Return
+22.61%
assigned a buy rating 2 days ago
Copying Jaeson Schmidt's trades and holding each position for 1 Year would result in 68.75% of your transactions generating a profit, with an average return of +22.61% per trade.
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