PowerFleet Inc (PWFL) Shares Rise Despite Market Challenges

PowerFleet Inc (NASDAQ: PWFL)’s stock price has soared by 12.60 in relation to previous closing price of 4.92. Nevertheless, the company has seen a gain of 19.65% in its stock price over the last five trading days. InvestorPlace reported 2024-03-28 that In most cases, investors should stay away from penny stocks. They’re wild, they’re unpredictable and they tend to lose their stakeholders money more so than they return.

Is It Worth Investing in PowerFleet Inc (NASDAQ: PWFL) Right Now?

The 36-month beta value for PWFL is also noteworthy at 1.74. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for PWFL is 33.27M, and at present, short sellers hold a 18.51% of that float. The average trading volume of PWFL on April 02, 2024 was 499.31K shares.

PWFL’s Market Performance

PWFL’s stock has seen a 19.65% increase for the week, with a 74.21% rise in the past month and a 61.99% gain in the past quarter. The volatility ratio for the week is 9.43%, and the volatility levels for the past 30 days are at 7.85% for PowerFleet Inc The simple moving average for the last 20 days is 40.25% for PWFL’s stock, with a simple moving average of 104.86% for the last 200 days.

Analysts’ Opinion of PWFL

Northland Capital, on the other hand, stated in their research note that they expect to see PWFL reach a price target of $7. The rating they have provided for PWFL stocks is “Outperform” according to the report published on March 18th, 2024.

Craig Hallum gave a rating of “Buy” to PWFL, setting the target price at $9 in the report published on March 15th of the current year.

PWFL Trading at 60.28% from the 50-Day Moving Average

After a stumble in the market that brought PWFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.73% of loss for the given period.

Volatility was left at 7.85%, however, over the last 30 days, the volatility rate increased by 9.43%, as shares surge +73.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +63.39% upper at present.

During the last 5 trading sessions, PWFL rose by +18.57%, which changed the moving average for the period of 200-days by +63.39% in comparison to the 20-day moving average, which settled at $4.07. In addition, PowerFleet Inc saw 61.99% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PWFL

Current profitability levels for the company are sitting at:

  • -0.06 for the present operating margin
  • 0.5 for the gross margin

The net margin for PowerFleet Inc stands at -0.05. The total capital return value is set at -0.05. Equity return is now at value -3.71, with -2.37 for asset returns.

Based on PowerFleet Inc (PWFL), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -11.89.

Currently, EBITDA for the company is 2.45 million with net debt to EBITDA at -4.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 4.15for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.


In summary, PowerFleet Inc (PWFL) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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