The stock of PowerFleet Inc (NASDAQ: PWFL) has increased by 3.26 when compared to last closing price of 5.21. Despite this, the company has experienced a 12.32% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that The mean of analysts’ price targets for PowerFleet (PWFL) points to a 61.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Is It Worth Investing in PowerFleet Inc (NASDAQ: PWFL) Right Now?
The 36-month beta value for PWFL is at 1.75. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PWFL is 79.61M, and currently, shorts hold a 1.04% of that float. The average trading volume for PWFL on May 07, 2024 was 779.44K shares.
PWFL’s Market Performance
PWFL’s stock has seen a 12.32% increase for the week, with a 21.45% rise in the past month and a 69.19% gain in the past quarter. The volatility ratio for the week is 6.91%, and the volatility levels for the past 30 days are at 6.58% for PowerFleet Inc The simple moving average for the last 20 days is 21.80% for PWFL stock, with a simple moving average of 86.19% for the last 200 days.
Analysts’ Opinion of PWFL
Raymond James, 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 April 02nd, 2024.
Northland Capital gave a rating of “Outperform” to PWFL, setting the target price at $7 in the report published on March 18th of the current year.
PWFL Trading at 30.19% 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 -5.11% of loss for the given period.
Volatility was left at 6.58%, however, over the last 30 days, the volatility rate increased by 6.91%, as shares surge +17.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.79% upper at present.
During the last 5 trading sessions, PWFL rose by +10.02%, which changed the moving average for the period of 200-days by +82.99% in comparison to the 20-day moving average, which settled at $4.46. In addition, PowerFleet Inc saw 57.31% 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 4.38. 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.
Conclusion
In conclusion, PowerFleet Inc (PWFL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
