Market Momentum: PowerFleet Inc (AIOT) Registers a -2.73 Decrease, Closing at 7.13

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PowerFleet Inc (NASDAQ: AIOT) closed the day trading at $7.13 down -2.73% from the previous closing price of $7.33. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 2.11 million shares were traded.

Ratios:

For a better understanding of AIOT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.53.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 05 ’24 when Lewis Catherine J bought 270,000 shares for $6.82 per share.

Lewis Catherine J sold 187,990 shares of AIOT for $1,265,173 on Dec 06 ’24. The Chief Customer Officer now owns 52,972 shares after completing the transaction at $6.73 per share. On Dec 05 ’24, another insider, Lewis Catherine J, who serves as the Chief Customer Officer of the company, sold 82,010 shares for $7.05 each. As a result, the insider received 578,170 and left with 240,962 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 2.06.

Stock Price History:

Over the past 52 weeks, AIOT has reached a high of $8.71, while it has fallen to a 52-week low of $2.88. The 50-Day Moving Average of the stock is 7.20%, while the 200-Day Moving Average is calculated to be 29.23%.

Shares Statistics:

A total of 132.49M shares are outstanding, with a floating share count of 124.83M. Insiders hold about 5.80% of the company’s shares, while institutions hold 72.90% stake in the company.

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