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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 $5.34, up 8.1% from the previous day, and has increased 76.24% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.93 percentage points. Powerfleet stock is currently +225.61% from its 52-week low of $1.64, and -2.73% from its 52-week high of $5.49.

There are currently 37.21M PWFL shares outstanding. The market value of PWFL is $198.71M. In the last 24 hours, 1.74M 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
$5.34
1w %
14.35%
1y %
76.24%
5y %
-11%
P/E
-22.25x
P/B
2.47x
P/S
1.44x
PEG
N/A
Revenue
$132.20M
Earnings
-$8.66M
Fore. Rev. Growth
7.15%
Fore. Earn. Growth
N/A
Market Cap
$198.71M
Next Earnings
May 7, 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 undervalued based on its P/B ratio of 2.47x, relative to Communication Equipment industry P/B ratio of 2.78x

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

Is PWFL a healthy company?

Positive Health Checks:

  • PWFL has cash burn of 4851000. 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 profit margin has gone up from -12.4% to -6.6% in the past year.
  • There are more short-term assets than short-term liabilities on the PWFL balance sheet.
  • PWFL has $19.61M in cash and short term investments. This is sufficient to cover its annual cash burn of $4.85M.

Negative Health Checks:

  • PWFL has a relatively high debt to equity ratio of 0.95.
  • Total PWFL debt is higher than 5 years ago, relative to shareholder equity.

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

Out of 4 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.

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

Metrics for Advanced PWFL Traders

SMA10
4.51
SMA20
3.86
SMA50
3.42
SMA100
2.99
SMA200
2.7
MACD
0.5
MACD Signal
0.34
MACD Histogram
0.15
RSI
84.44
Stochastic %K
96.05
Stochastic %D
95.66
StochRSI %K
97.13
StochRSI %D
93.81

PWFL Performance Metrics

Last year, PWFL revenue was $132.20M. Over the last 5 year, PWFL's revenue has grown by 20.18% per year. This was faster than the Communication Equipment industry average of 3.91%.

Learn more about PWFL's earnings and revenue performance here.

Latest Insiders Trades at PWFL

In 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 $25,542.28 worth of PWFL shares on Jul 28, 2023.

Get more info about who owns PWFL stock here.

Can I rely on PWFL as an income stream?

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

PWFL Social Trading Data

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your PWFL purchase

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.

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

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Step 6: Track your investment in PWFL

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

Add PWFL to a watchlist to see the latest developments about 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 are looking for a brokerage, eToro is our recommended option.

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 get the latest scoop on your investment in Powerfleet, create a watchlist on WallStreetZen today.

NASDAQ: PWFL
$5.34+0.40 (+8.1%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: PWFL
$5.34+0.40 (+8.1%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Powerfleet share?

As of Mar 28, 2024, it costs $5.34 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 0.375 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 4 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.