Powerfleet (NASDAQ:AIOT) Sets New 1-Year High – Here’s What Happened

Powerfleet, Inc. (NASDAQ:AIOT) reached a new 52-week high on Thursday . The company traded as high as $6.72 and last traded at $6.64, with a volume of 434396 shares. The stock had previously closed at $6.48.

Analysts Set New Price Targets

AIOT has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Powerfleet in a research report on Monday, November 11th. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research note on Thursday.

Powerfleet Trading Up 3.7 %

The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $5.26.

Powerfleet (NASDAQ:AIOT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analysts’ expectations of $74.54 million. During the same period in the previous year, the company posted ($0.14) EPS. Equities analysts expect that Powerfleet, Inc. will post -0.13 EPS for the current year.

About Powerfleet

PowerFleet, Inc provides wireless Internet-of-Things 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.