Recent exceptional negative changes in investment behavior have affected PowerFleet Inc (NASDAQ: AIOT): negative upside/downside volume developed, and its shorter term price trend turned down.
PowerFleet Inc (NASDAQ: AIOT) suffers from significant negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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.
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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PowerFleet has a poor Appreciation Score of 26 but a very high Power Rating of 97, with the High Neutral Value Trend Rating the result.
Recent Price Action
PowerFleet Inc (NASDAQ: AIOT) stock closed at $4.91 on 9/26/24 after a slight gain of 0.2%. However, this advance was accompanied by unusually low trading volume at 64% of normal. The stock has declined -1.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
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