PowerFleet Inc (NASDAQ: PWFL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results.

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Stocks Info

PowerFleet Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. The current market capitalization of PowerFleet Inc is $183.07M. A total of 2.13 million shares were traded on the day, compared to an average of 469.19K shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PWFL has a high of $5.49 and a low of $1.64.

As of this writing, PWFL has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.14 in the last quarter, which was -100.00% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PWFL’s latest balance sheet shows that the firm has $26.45M in Cash & Short Term Investments as of fiscal 2021. There were $34.23M in debt and $44.29M in liabilities at the time. Its Book Value Per Share was $2.16, while its Total Shareholder’s Equity was $144.86M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PWFL is Buy with a score of 5.00.

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