Trading Day Review: PowerFleet Inc (PWFL) Loses Momentum, Closing at 5.12

Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.

The price of PowerFleet Inc (NASDAQ: PWFL) closed at $5.12 in the last session, down -1.73% from day before closing price of $5.21. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 2.36 million shares were traded. PWFL stock price reached its highest trading level at $5.425 during the session, while it also had its lowest trading level at $5.08.


We take a closer look at PWFL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.04.

On April 02, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $7.

On March 18, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $7.Northland Capital initiated its Outperform rating on March 18, 2024, with a $7 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PWFL now has a Market Capitalization of 562887680 and an Enterprise Value of 250739712. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.14 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 1.877 whereas that against EBITDA is -83.358.

Stock Price History:

Over the past 52 weeks, PWFL has reached a high of $5.67, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is 23.89%, while the 200-Day Moving Average is calculated to be 77.19%.

Shares Statistics:

According to the various share statistics, PWFL traded on average about 779.44K shares per day over the past 3-months and 890480 shares per day over the past 10 days. A total of 107.92M shares are outstanding, with a floating share count of 79.61M. Insiders hold about 26.23% of the company’s shares, while institutions hold 26.47% stake in the company. Shares short for PWFL as of 1713139200 were 827740 with a Short Ratio of 1.06, compared to 1710460800 on 6158582. Therefore, it implies a Short% of Shares Outstanding of 827740 and a Short% of Float of 0.8.

Most Popular

[the_ad id="945"]