Shares of Powerfleet, Inc. (NASDAQ:AIOT – Get Free Report) fell 4.2% during trading on Monday . The stock traded as low as $4.96 and last traded at $4.97. 382,750 shares were traded during trading, a decline of 52% from the average session volume of 790,027 shares. The stock had previously closed at $5.19.
Analyst Ratings Changes
Separately, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a research note on Tuesday, September 24th.
Powerfleet Stock Down 5.4 %
Powerfleet (NASDAQ:AIOT – Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Powerfleet had a negative return on equity of 6.61% and a negative net margin of 3.86%. The firm had revenue of $75.43 million during the quarter, compared to the consensus estimate of $71.13 million. Sell-side analysts predict that Powerfleet, Inc. will post -0.16 earnings per share 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.
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