Powerfleet (AIOT) to Release Quarterly Earnings on Thursday

Powerfleet (NASDAQ:AIOT) will post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Powerfleet to post earnings of $0.01 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Powerfleet Price Performance

AIOT traded up $0.65 during mid-day trading on Tuesday, reaching $4.89. 823,805 shares of the stock were exchanged, compared to its average volume of 755,495. Powerfleet has a 1 year low of $1.64 and a 1 year high of $5.67. The company has a market capitalization of $524.94 million, a price-to-earnings ratio of -15.81 and a beta of 1.69.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Powerfleet in a research report on Monday.

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.