Powerfleet (NASDAQ:AIOT) Rating Reiterated by Barrington Research

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report issued on Tuesday, Benzinga reports. They presently have a $10.00 price objective on the stock. Barrington Research’s price objective would suggest a potential upside of 104.08% from the company’s current price.

Powerfleet Stock Down 0.2 %

Shares of Powerfleet stock opened at $4.90 on Tuesday. Powerfleet has a fifty-two week low of $1.64 and a fifty-two week high of $5.67. The business’s fifty day simple moving average is $4.77. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.29. The stock has a market cap of $528.02 million, a price-to-earnings ratio of -15.81 and a beta of 1.68.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.13). The business had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $71.13 million. Powerfleet had a negative return on equity of 6.61% and a negative net margin of 3.86%. Equities research analysts anticipate that Powerfleet will post -0.16 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.