PWFL Stock Summary and Trading Ideas (Powerfleet | NASDAQ:PWFL)

PowerFleet Inc is engaged in Internet-of-Things ("IoT") solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. It provide critical information that powers unified operations throughout organizations. It is solving the challenge of inefficient data collection, real-time visibility, and analysis that leads to transformative business operations. Its SaaS cloud-based applications take data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customer.

Powerfleet trades on the NASDAQ stock market under the symbol PWFL.

As of May 17, 2024, PWFL stock price climbed to $5.46 with 521,283 million shares trading.

PWFL has a beta of 2.24, meaning it tends to be more sensitive to market movements. PWFL has a correlation of 0.15 to the broad based SPY ETF.

PWFL has a market cap of $586.13 million. This is considered a Small Cap stock.

Last quarter Powerfleet reported $35 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $161,000 and exceeded earnings estimates by $.03.

In the last 3 years, PWFL stock traded as high as $7.74 and as low as $1.64.

The top ETF exchange traded funds that PWFL belongs to (by Net Assets): VXF, VTI, IWC, DFAT, DFAC.

PWFL has outperformed the market in the last year with a price return of +88.3% while the SPY ETF gained +30.7%. PWFL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +78.4% and +9.0%, respectively, while the SPY returned +6.3% and +4.8%, respectively.

PWFL support price is $5.24 and resistance is $5.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PWFL stock will trade within this expected range on the day.