Powerfleet (NASDAQ:AIOT) Shares Gap Down – What’s Next?

Powerfleet, Inc. (NASDAQ:AIOT)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.49, but opened at $4.89. Powerfleet shares last traded at $4.99, with a volume of 415,360 shares trading hands.

Analyst Ratings Changes

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

Powerfleet Stock Down 6.2 %

The business has a fifty day simple moving average of $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 released its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $71.13 million. As a group, analysts expect that Powerfleet, Inc. will post -0.13 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.