Should I buy or sell PowerFleet stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PowerFleet in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PWFL shares. View PWFL analyst ratings or view top-rated stocks .

What is PowerFleet's stock price target for 2024?

8 Wall Street analysts have issued 12-month price objectives for PowerFleet's stock. Their PWFL share price targets range from $7.00 to $10.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 100.5% from the stock's current price. View analysts price targets for PWFL or view top-rated stocks among Wall Street analysts .

How have PWFL shares performed in 2024?

PowerFleet's stock was trading at $3.42 at the beginning of 2024. Since then, PWFL stock has increased by 16.7% and is now trading at $3.99. View the best growth stocks for 2024 here .

When is PowerFleet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our PWFL earnings forecast .

How were PowerFleet's earnings last quarter?

PowerFleet, Inc. (NASDAQ:PWFL) issued its earnings results on Tuesday, March, 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.06. The company earned $34.50 million during the quarter, compared to the consensus estimate of $33.23 million. PowerFleet had a negative net margin of 3.86% and a negative trailing twelve-month return on equity of 6.08%.

What other stocks do shareholders of PowerFleet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PowerFleet investors own include Enerplus (ERF) , Matinas BioPharma (MTNB) , Novan (NOVN) , ADMA Biologics (ADMA) , Bionano Genomics (BNGO) , DHT (DHT) , Gran Tierra Energy (GTE) , Organigram (OGI) , EnLink Midstream (ENLC) and Golar LNG Partners (GMLP) .

How do I buy shares of PowerFleet?

Shares of PWFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PWFL

PowerFleet (PWFL) Stock Price, News & Analysis

→ SHOCKING Crypto Leak… (From Crypto 101 Media) (Ad)

Free PWFL Stock Alerts

$3.99

-0.07 (-1.72%)

(As of 04/19/2024 ET)

Compare

Today's Range: $3.85
▼
$4.02
50-Day Range: $2.90
▼
$5.34
52-Week Range: $1.64
▼
$5.67

Volume: 648,178 shs
Average Volume: 562,693 shs
Market Capitalization: $430.60 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

Get PowerFleet alerts:

PowerFleet MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 100.5% Upside
$8.00 Price Target
Short Interest: Bearish
6.45% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.46
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.89 out of 5 stars

Transportation Sector

40th out of 110 stocks

Communications Equipment, Not Elsewhere Classified Industry

3rd out of 10 stocks

4.5

Analyst's Opinion

Consensus Rating
PowerFleet has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
PowerFleet has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

0.0

Short Interest

Percentage of Shares Shorted
6.45% of the outstanding shares of PowerFleet have been sold short.
Short Interest Ratio / Days to Cover
PowerFleet has a short interest ratio ("days to cover") of 12.3, which indicates bearish sentiment.
Change versus previous month
Short interest in PowerFleet has recently increased by 12.99%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
PowerFleet does not currently pay a dividend.
Dividend Growth
PowerFleet does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PowerFleet has received a 42.96% net impact score from Upright. Powerfleet, Inc seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Road freight management software", "Logistics tracking hardware", and "Logistics management software" products. See details.
Environmental Sustainability
The Environmental Impact score for PowerFleet is -1.46.

3.6

News and Social Media Coverage

News Sentiment
PowerFleet has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 1 news article for PowerFleet this week, compared to 1 article on an average week.
Search Interest
8 people have searched for PWFL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
15 people have added PowerFleet to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PowerFleet insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.76% of the stock of PowerFleet is held by insiders.
Percentage Held by Institutions
73.40% of the stock of PowerFleet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PowerFleet is -12.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PowerFleet is -12.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PowerFleet has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Altimetry

Secret Bull Market Starts in This Unusual Sector

"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.

Click for my No. 1 investment, all free of charge, click here.

About PowerFleet Stock (NASDAQ:PWFL)

PowerFleet, Inc. provides wireless Internet-of-Things (IoT) 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. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, homeland security, aerospace and defense, and vehicle rental, logistics, shipping, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.

PWFL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PWFL Stock News Headlines

April 16, 2024 | finance.yahoo.com

Powerfleet to Host Virtual Analyst and Investor Fireside Chat on April 30, 2024

April 11, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Powerfleet (PWFL) and SPS Commerce (SPSC)

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.

April 10, 2024 | msn.com

Powerfleet Announces Restatement of Financial Statements, No Adverse Impact on Core Financial Metrics

April 9, 2024 | finance.yahoo.com

Powerfleet Selected as an Artificial Intelligence Excellence Awards Finalist

April 9, 2024 | investorplace.com

Millionaire Makers: 3 Stocks Under $10 Set to Skyrocket by 2027

April 9, 2024 | prnewswire.com

Powerfleet Selected as an Artificial Intelligence Excellence Awards Finalist

April 8, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Powerfleet (PWFL) and Aehr Test Systems (AEHR)

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 5, 2024 | prnewswire.com

POWERFLEET ANNOUNCES RESTATEMENT OF ACCOUNTING TREATMENT OF LEGACY CONVERTIBLE PREFERRED STOCK INSTRUMENT, WHICH HAS NO ADVERSE IMPACT ON PREVIOUSLY REPORTED REVENUE, CASH FLOW OR ADJUSTED EBITDA

April 4, 2024 | investorplace.com

Millionaire Blueprint: 3 Game-Changing Stocks You Can't Ignore

April 1, 2024 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on Powerfleet (PWFL)

March 28, 2024 | investorplace.com

The Penny Stock A-List: 7 High-Profile Companies on the Verge of Greatness

March 25, 2024 | investorplace.com

3 Stocks Under $5 Ready to Outpace the Market

March 18, 2024 | za.investing.com

Reverse Takeover

March 15, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: LiveRamp Holdings (RAMP), Desktop Metal (DM) and Powerfleet (PWFL)

March 15, 2024 | finance.yahoo.com

PWFL Oct 2024 2.500 call

March 13, 2024 | markets.businessinsider.com

Beyond The Numbers: 4 Analysts Discuss PowerFleet Stock

March 13, 2024 | finance.yahoo.com

PowerFleet, Inc. (NASDAQ:PWFL) Q4 2023 Earnings Call Transcript

March 13, 2024 | finance.yahoo.com

Q4 2023 PowerFleet Inc Earnings Call

March 12, 2024 | finance.yahoo.com

PowerFleet Inc (PWFL) Reports Strong Earnings Growth and Strategic Progress in Full Year and Q4 ...

March 12, 2024 | prnewswire.com

Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results

March 11, 2024 | markets.businessinsider.com

Here's what Wall Street expects from PowerFleet's earnings report

March 6, 2024 | investorplace.com

Penny Powerhouses: 3 Stocks on the Brink of a Windfall

March 1, 2024 | ca.finance.yahoo.com

PowerFleet, Inc. (PWFL)

February 28, 2024 | finance.yahoo.com

Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination

February 28, 2024 | seekingalpha.com

Wall Street Breakfast Podcast: Anheuser-Busch Brewery Workers Poised To Strike

See More Headlines

Receive PWFL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PowerFleet and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 3/12/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Transportation
Industry: Communications equipment, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:PWFL
CUSIP: N/A
CIK: 1774170
Web: www.powerfleet.com
Phone: (201) 996-9000
Fax: 201-996-9144
Employees: 795
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.00
High Stock Price Target: $10.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +100.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-5,150,000.00
Net Margins: -3.86%
Pretax Margin: -2.00%
Return on Equity: -6.08%
Return on Assets: -2.36%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 1.71
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $133.59 million
Price / Sales: 3.22
Cash Flow: $0.03 per share
Price / Cash Flow: 116.36
Book Value: $2.29 per share
Price / Book: 1.74

Miscellaneous

Outstanding Shares: 107,920,000
Free Float: 103,860,000
Market Cap: $430.60 million
Optionable: Optionable
Beta: 1.72

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

Mr. Steve Towe (Age 51)
CEO & Director
Comp: $874.36k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PWFL Stock Analysis - Frequently Asked Questions

Should I buy or sell PowerFleet stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PowerFleet in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PWFL shares.
View PWFL analyst ratings or view top-rated stocks.
What is PowerFleet's stock price target for 2024?: 8 Wall Street analysts have issued 12-month price objectives for PowerFleet's stock. Their PWFL share price targets range from $7.00 to $10.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 100.5% from the stock's current price.
View analysts price targets for PWFL or view top-rated stocks among Wall Street analysts.
How have PWFL shares performed in 2024?: PowerFleet's stock was trading at $3.42 at the beginning of 2024. Since then, PWFL stock has increased by 16.7% and is now trading at $3.99.
View the best growth stocks for 2024 here.
When is PowerFleet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our PWFL earnings forecast.

How were PowerFleet's earnings last quarter?: PowerFleet, Inc. (NASDAQ:PWFL) issued its earnings results on Tuesday, March, 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.06. The company earned $34.50 million during the quarter, compared to the consensus estimate of $33.23 million. PowerFleet had a negative net margin of 3.86% and a negative trailing twelve-month return on equity of 6.08%.
What other stocks do shareholders of PowerFleet own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PowerFleet investors own include Enerplus (ERF), Matinas BioPharma (MTNB), Novan (NOVN), ADMA Biologics (ADMA), Bionano Genomics (BNGO), DHT (DHT), Gran Tierra Energy (GTE), Organigram (OGI), EnLink Midstream (ENLC) and Golar LNG Partners (GMLP).
How do I buy shares of PowerFleet?: Shares of PWFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PWFL) was last updated on 4/20/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial