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How to Buy Powerfleet Stock

Powerfleet Inc

PowerFleet, Inc. provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally.

Powerfleet stock last closed at $4.24, down 0.93% from the previous day, and has increased 43.73% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.43 percentage points. Powerfleet stock is currently +158.54% from its 52-week low of $1.64, and -25.22% from its 52-week high of $5.67.

There are currently 107.35M PWFL shares outstanding. The market value of PWFL is $455.16M. In the last 24 hours, 1.27M PWFL shares were traded.

How to Buy Powerfleet Stock

Not sure how to invest in Powerfleet stock? Here's how.
  1. Figure out where to buy Powerfleet stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Powerfleet stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Choose your payment method and add your information.
  4. Research Powerfleet stock: The Powerfleet ticker symbol is PWFL. Is Powerfleet stock a good investment? Should you buy shares of PWFL? How do PWFL's underlying business fundamentals look? Do top analysts think Powerfleet is a good buy? Why has PWFL's stock price moved recently? (Hint: Our stock research website can help you decide if PWFL is a good stock to buy).
  5. Make your PWFL purchase: Decide if you will purchase PWFL shares at the current market price or use a limit order to buy PWFL stock at a specific price.
  6. Track your investment in PWFL: Create a watchlist to get live updates on your new investment in Powerfleet stock.

Step 1: Figure out where to buy Powerfleet stock

You will need a brokerage account in order to access the NASDAQ market and buy PWFL shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked your brokerage, you need to fill out some personal details so you are able to buy PWFL stock today.

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Step 3: Fund your investment account

Now that you have opened your account on the best stock app for beginners, you can securely and quickly fund your account:

Check out the walkthrough below to see the process of transferring funds into your investment account.

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Step 4: Research Powerfleet stock

After you have selected the best place to buy Powerfleet stock, it's critical to analyze their stock before you invest, so you truly understand the risk as well as the opportunity.

Powerfleet shares data

PWFL Price
$4.24
1w %
-4.72%
1y %
43.73%
5y %
-24.96%
P/E
-8.65x
P/B
7.91x
P/S
1.13x
PEG
N/A
Revenue
$133.74M
Earnings
-$17.31M
Fore. Rev. Growth
88.58%
Fore. Earn. Growth
N/A
Market Cap
$455.16M
Next Earnings
Aug 6, 2024
Next Dividend
N/A

PWFL Due Diligence Checks

WallStreetZen was built to help everyday investors do better fundamental analysis in less time.

You can see all of the due diligence checks on PWFL's stock page.

Is PWFL stock overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge PWFL's intrinsic value.

Using relative valuations measures:

  • PWFL could be overvalued based on its P/B ratio of 7.91x, relative to Communication Equipment industry P/B ratio of 2.85x

You can access additional valuation research on PWFL's stock here.

Is PWFL a healthy company?

Positive Health Checks:

  • PWFL has cash burn of 2696000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the PWFL balance sheet.
  • PWFL has $19.33M in cash and short term investments. This is sufficient to cover its annual cash burn of $2.70M.
  • There are more short-term assets than short-term liabilities on the PWFL balance sheet.

Negative Health Checks:

  • PWFL profit margin has gone down from -12.4% to -12.9% in the past year.
  • Total PWFL debt is higher than 5 years ago, relative to shareholder equity.
  • PWFL has a relatively high debt to equity ratio of 1.39.

Do analysts think it's a good time to buy PWFL stock

Out of 5 Equities analysts who give recommendations on PWFL, the consensus analyst rating on PWFL is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

Most Recent PWFL Analyst Upgrades/Downgrades

Michael Walkley, a top 4% analyst from Canaccord Genuity maintains PWFL with a strong buy rating and raises their PWFL price target from $6.00 to $10.00, on Mar 13, 2024.

Canaccord Genuity's Michael Walkley raised their price target on Powerfleet (NASDAQ: PWFL) by 66.7% from $6 to $10 on 2024/03/13. The analyst maintained their Strong Buy rating on the stock.

In a note assessing Powerfleet's Q4 and FY 2023 report released on 2024/03/12, the analyst said they made their price target move to factor in the upcoming completion of the company's acquisition of MiX Telematics in 2024/04.

This deal provides Powerfleet greater scalability and the potential to create meaningful shareholder value, Walkley explained.

Earnings Report

Powerfleet, Inc. reported:

For Q4 2023:

  • Loss per share of $(0.13), which missed Q4 2022’s $(0.08) by 62.5%.
  • Revenue of $34.5M, which beat the Zacks Consensus Estimate of $33.22M and, by 4.2%, Q4 2022’s $33.11M.

For FY 2023:

  • Loss per share of $(0.29), which missed FY 2022’s $(0.34) by 14.7%.
  • Revenue of $133.59M, which missed FY 2022’s $135.16M by 1.2%.

Management did not provide guidance in the earnings call or press release.

CEO Steve Towe commented: "On top of the world-class execution the team has delivered on strategic M&A activities, we have demonstrated our ability to take bold decisions to reshape the business and establish a platform to deliver significant improvements in business performance.

"We are highly encouraged by the results of our pivot to our data and AI-led Unity ecosystem and associated high-quality SaaS revenue, which underpinned an annual increase in constant currency service revenue of 14%, led by 16% growth in our strategically important North America territory.

"Effective execution of our strategic plan has also improved the overall quality of revenue where we exited approximately $8M in annual revenue from unprofitable contracts and non-strategic lines of business.

“These moves have simplified our operations and allowed us to redirect resources toward more profitable, higher-growth areas.

"As we promised shareholders when we embarked on this brave strategy of shuttering low-quality revenue streams, we duly returned to total revenue growth in 2H 2023, with revenue and gross profit both increasing by 6% compared to 1H.

“Additionally, adjusted EBITDA in 2H 2023 increased 141% compared to 1H, an impressive feat given a full period of Movingdots operating expenses, macroeconomic challenges in Israel, and a $1M charge for inventory-related items in Q4."

You can dig deeper into what analysts are saying on the Powerfleet stock forecast page.

PWFL Momentum

SMA10
4.42
SMA20
4.77
SMA50
4.8
SMA100
4.24
SMA200
3.32
MACD
-0.2
MACD Signal
-0.13
MACD Histogram
-0.07
RSI
33.21
Stochastic %K
9.09
Stochastic %D
6.19
StochRSI %K
15.96
StochRSI %D
7.87

PWFL Revenue

Last year, PWFL revenue was $133.74M. Over the past 5 year, PWFL's revenue has gone up by 20.31% per year. This was faster than the Communication Equipment industry average of 3.65%.

Dig into PWFL's earnings and revenue performance here.

What are PWFL insiders up to?

Over the past year, insiders at PWFL have sold more shares than they have bought.

Michael Brodsky, Director of PWFL, was the latest PWFL insider to sell. They sold $37,268.48 worth of PWFL shares on Apr 2, 2024.

Get more info about who owns PWFL shares here.

Does PWFL stock generate passive income?

No, Powerfleet doesn't provide an income stream by paying out dividends.

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Step 5: Make your PWFL purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given price, use a limit order.

Click the Open button and your broker will place your order.

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Step 6: Track your investment in PWFL

Now that you own some PWFL shares, you'll want to stay up-to-date on your investment.

Create a watchlist to track your PWFL stock.

PWFL Feed

How to Buy Stock in Powerfleet

To reiterate, here are the 6 steps for buying Powerfleet stock:

  1. Figure out where to buy Powerfleet stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Research Powerfleet stock
  5. Make your PWFL purchase
  6. Track your investment in PWFL

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Powerfleet, get started below.

NASDAQ: PWFL
$4.24-0.04 (-0.93%)
Updated Jun 24, 2024
Open eToro Account
NASDAQ: PWFL
$4.24-0.04 (-0.93%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Powerfleet share?

As of Jun 24, 2024, it costs $4.24 to buy one share of Powerfleet stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.472 shares of PWFL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Powerfleet stock?

According to 5 Wall Street analysts who monitor Powerfleet, their consensus recommendation is to buy Powerfleet stock.

What is the best way to buy Powerfleet stock?

One way to place an order for Powerfleet stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.