PowerFleet Inc (NASDAQ: PWFL) stock enjoyed a major increase of 15.8% on 8/6/24. The shares closed at $4.91. Moreover, trading volume in this advance was above average at 148% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.1% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PowerFleet has a poor Appreciation Score of 19 but a very high Power Rating of 99, triggering 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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