Powerfleet (NASDAQ:AIOT – Get Free Report) is one of 40 public companies in the “Communications equipment, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We will compare Powerfleet to similar businesses based on the strength of its earnings, risk, dividends, institutional ownership, valuation, analyst recommendations and profitability.
Volatility & Risk
Powerfleet has a beta of 1.69, indicating that its stock price is 69% more volatile than the S&P 500. Comparatively, Powerfleet’s rivals have a beta of -7.03, indicating that their average stock price is 803% less volatile than the S&P 500.
Valuation & Earnings
This table compares Powerfleet and its rivals revenue, earnings per share (EPS) and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Powerfleet | $133.74 million | -$5.68 million | -14.97 |
Powerfleet Competitors | $383.05 million | -$78.03 million | 15.03 |
Institutional and Insider Ownership
73.4% of Powerfleet shares are owned by institutional investors. Comparatively, 36.1% of shares of all “Communications equipment, not elsewhere classified” companies are owned by institutional investors. 3.8% of Powerfleet shares are owned by company insiders. Comparatively, 13.8% of shares of all “Communications equipment, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares Powerfleet and its rivals’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Powerfleet | -3.86% | -6.61% | -2.36% |
Powerfleet Competitors | -28.57% | -229.18% | -6.35% |
Analyst Ratings
This is a breakdown of current ratings and price targets for Powerfleet and its rivals, as reported by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Powerfleet | 0 | 0 | 1 | 0 | 3.00 |
Powerfleet Competitors | 164 | 450 | 927 | 48 | 2.54 |
Powerfleet currently has a consensus price target of $10.00, suggesting a potential upside of 115.52%. As a group, “Communications equipment, not elsewhere classified” companies have a potential upside of 23.73%. Given Powerfleet’s stronger consensus rating and higher possible upside, research analysts clearly believe Powerfleet is more favorable than its rivals.
Summary
Powerfleet beats its rivals on 9 of the 13 factors compared.
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. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and vehicle rental, logistics, shipping, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
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