Barrington Research Reaffirms “Outperform” Rating for Powerfleet (NASDAQ:AIOT)

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued on Tuesday, Benzinga reports. They presently have a $10.00 target price on the stock. Barrington Research’s price objective would indicate a potential upside of 108.77% from the stock’s current price.

Powerfleet Price Performance

AIOT stock traded up $0.02 on Tuesday, reaching $4.79. 85,550 shares of the company traded hands, compared to its average volume of 789,741. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 1.23. The firm’s fifty day simple moving average is $4.76. Powerfleet has a one year low of $1.64 and a one year high of $5.67. The company has a market cap of $514.21 million, a P/E ratio of -15.45 and a beta of 1.68.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). Powerfleet had a negative net margin of 3.86% and a negative return on equity of 6.61%. The firm had revenue of $75.43 million for the quarter, compared to the consensus estimate of $71.13 million. On average, sell-side analysts forecast that Powerfleet will post -0.16 EPS for the current year.

Powerfleet Company Profile

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.