Powerfleet (NASDAQ:AIOT) Shares Gap Down – Time to Sell?

Powerfleet, Inc. (NASDAQ:AIOT)’s stock price gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

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

Powerfleet Stock Up 20.0 %

The stock’s 50 day moving average is $5.05. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.29.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The company had revenue of $75.43 million for the quarter, compared to analyst estimates of $71.13 million. On average, equities research analysts forecast that Powerfleet, Inc. will post -0.13 EPS for the current fiscal year.

About Powerfleet

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.