Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for PowerFleet Inc (NASDAQ: AIOT) weakened of late. AIOT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
PowerFleet Inc (NASDAQ: AIOT) stock enjoyed a very large increase of 6.0% on 9/13/24. The shares closed at $4.91. However, this advance was accompanied by exceptionally low trading volume at 44% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.3% 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 98, resulting in the High Neutral Value Trend Rating.
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