Additionally, the 36-month beta value for AIOT is 1.68. 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.”
The public float for AIOT is 100.01M and currently, short sellers hold a 5.24% ratio of that float. The average trading volume of AIOT on August 22, 2024 was 968.11K shares.
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AIOT) stock’s latest price update
PowerFleet Inc (NASDAQ: AIOT)’s stock price has dropped by -3.48 in relation to previous closing price of 4.89. Nevertheless, the company has seen a loss of -2.48% in its stock price over the last five trading days. prnewswire.com reported 2024-08-22 that Focused execution following the business combination with MiX Telematics evidenced by annual revenue and AEBITDA growth of +10% and +50%, respectively Revenue Grows 10.2% annually to $75.4 million, driven by unity ecosystem and safety-centric solutions Cost synergy traction with $8.7 million in annual run-rate savings secured by end of June quarter WOODCLIFF LAKE, N.J., Aug. 22, 2024 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT), reported its financial results for the first quarter ended June 30, 2024.
AIOT’s Market Performance
PowerFleet Inc (AIOT) has experienced a -2.48% fall in stock performance for the past week, with a -0.84% drop in the past month, and a -9.92% drop in the past quarter. The volatility ratio for the week is 2.64%, and the volatility levels for the past 30 days are at 5.68% for AIOT. The simple moving average for the past 20 days is 0.90% for AIOT’s stock, with a 22.25% simple moving average for the past 200 days.
AIOT Trading at 2.10% from the 50-Day Moving Average
After a stumble in the market that brought AIOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.75% of loss for the given period.
Volatility was left at 5.68%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares surge +0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.67% upper at present.
During the last 5 trading sessions, AIOT fell by -0.83%, which changed the moving average for the period of 200-days by +166.67% in comparison to the 20-day moving average, which settled at $4.68. In addition, PowerFleet Inc saw 38.01% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AIOT
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.5 for the gross margin
The net margin for PowerFleet Inc stands at -0.04. The total capital return value is set at -0.08. Equity return is now at value -3.87, with -2.48 for asset returns.
Based on PowerFleet Inc (AIOT), 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 -7.51.
Currently, EBITDA for the company is 75000.0 with net debt to EBITDA at 138.47. When we switch over and look at the enterprise to sales, we see a ratio of 3.85. The receivables turnover for the company is 3.85for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In conclusion, PowerFleet Inc (AIOT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
