Powerfleet’s (AIOT) Outperform Rating Reaffirmed at Barrington Research

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $10.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 91.94% from the stock’s current price.

Powerfleet Trading Down 5.1 %

Shares of Powerfleet stock opened at $5.21 on Monday. Powerfleet has a 12 month low of $2.03 and a 12 month high of $5.81. The firm’s 50-day moving average price is $5.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 1.23.

Powerfleet (NASDAQ:AIOT) last issued its earnings results on Thursday, August 22nd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $71.13 million. As a group, sell-side analysts anticipate that Powerfleet will post -0.13 earnings per share for the current fiscal 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.