Market Recap: PowerFleet Inc (AIOT)’s Negative Momentum, Closing at 5.12

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The closing price of PowerFleet Inc (NASDAQ: AIOT) was $5.12 for the day, down -0.19% from the previous closing price of $5.13. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 0.79 million shares were traded.

Ratios:

Our analysis of AIOT’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.48.

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 $3.70. The 50-Day Moving Average of the stock is -13.24%, while the 200-Day Moving Average is calculated to be -9.61%.

Shares Statistics:

A total of 132.49M shares are outstanding, with a floating share count of 122.84M. Insiders hold about 7.30% of the company’s shares, while institutions hold 73.52% stake in the company.

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