PowerFleet Inc (NASDAQ: AIOT) stock enjoyed a major increase of 12.4% on 10/9/24. The shares closed at $5.64. Moreover, this advance was accompanied by exceptionally high trading volume at 249% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.3% during the last week.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PowerFleet has a poor Appreciation Score of 26 but a very high Power Rating of 96, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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