NASDAQ:PWFL

PowerFleet (PWFL) Stock Price, News & Analysis

$5.21
+0.22 (+4.41%)
(As of 05/6/2024 ET)
Today's Range
$4.95
$5.28
50-Day Range
$2.90
$5.34
52-Week Range
$1.64
$5.67
Volume
1.79 million shs
Average Volume
726,273 shs
Market Capitalization
$562.26 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.43

PowerFleet MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
61.8% Upside
$8.43 Price Target
Short Interest
Healthy
0.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.46
Upright™ Environmental Score
News Sentiment
0.92mentions of PowerFleet in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
358.33%
From $0.12 to $0.55 Per Share

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.

4.92 out of 5 stars

Transportation Sector

4th out of 113 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 11 stocks

PWFL stock logo

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

PWFL Stock News Headlines

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Biden’s Sneaky H.R. 5376 Is A Nightmare For Retirement Savers
First Obamacare For Health, Now Bidencare For 401(k)s - How To Optout
Craig-Hallum Keeps Their Buy Rating on Powerfleet (PWFL)
3 Stocks Under $5 Ready to Outpace the Market
See More Headlines
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Company Calendar

Last Earnings
3/12/2024
Today
5/06/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:PWFL
Employees
795
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.43
High Stock Price Target
$10.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+61.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$-5,150,000.00
Pretax Margin
-2.00%

Debt

Sales & Book Value

Annual Sales
$133.59 million
Cash Flow
$0.04 per share
Book Value
$2.29 per share

Miscellaneous

Free Float
103,860,000
Market Cap
$562.26 million
Optionable
Optionable
Beta
1.75
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PWFL Stock Analysis - Frequently Asked Questions

Should I buy or sell PowerFleet stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PowerFleet in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street 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 twelve-month target prices for PowerFleet's stock. Their PWFL share price targets range from $7.00 to $10.00. On average, they predict the company's stock price to reach $8.43 in the next year. This suggests a possible upside of 61.8% 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 start of the year. Since then, PWFL shares have increased by 52.3% and is now trading at $5.21.
View the best growth stocks for 2024 here
.

Are investors shorting PowerFleet?

PowerFleet saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 827,700 shares, a drop of 88.1% from the March 31st total of 6,960,000 shares. Based on an average daily volume of 660,600 shares, the short-interest ratio is presently 1.3 days.
View PowerFleet's Short Interest
.

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) released its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.06. The business earned $34.50 million during the quarter, compared to analyst estimates of $33.23 million. PowerFleet had a negative trailing twelve-month return on equity of 6.08% and a negative net margin of 3.86%.

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).

Who are PowerFleet's major shareholders?

PowerFleet's stock is owned by many different retail and institutional investors. Top institutional shareholders include Pinnacle Associates Ltd. (0.24%), Simplex Trading LLC (0.00%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include Charles Frumberg, Chris Adams Wolfe, Michael Brodsky, Michael J Casey and Steven Mark Towe.
View institutional ownership trends
.

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 5/7/2024 by MarketBeat.com Staff

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