Alert: Negative Investment/Fundamental Signals (6/7/24)-PowerFleet Inc (NASDAQ: PWFL)

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Extremely significant negative changes in PowerFleet Inc (NASDAQ: PWFL) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

PowerFleet Inc (NASDAQ: PWFL). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, PWFL is expected to be a major Value Builder.

PowerFleet has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PowerFleet has a very low Appreciation Score of 11 but a very high Power Rating of 96, with the Neutral Value Trend Rating the result.

Recent Price Action

PowerFleet Inc (NASDAQ: PWFL) stock declined by -3.0% on 6/7/24. The shares closed at $4.59. However, this decline was accompanied by unusually low trading volume at 64% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.5% during the last week.

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