Is PowerFleet Inc (PWFL) Stock About to Get Hot Friday?

PowerFleet Inc (PWFL) stock is up 27.82% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

PowerFleet Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PWFL!

See Full PWFL Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PWFL Stock Today?

PowerFleet Inc (PWFL) stock is trading at $4.64 as of 12:14 PM on Friday, Mar 22, a decline of -$0.03, or -0.64% from the previous closing price of $4.67. Volume today is above average. So far 706,167 shares have traded compared to average volume of 465,782 shares. The stock has traded between $4.54 and $4.72 so far today.

More About PowerFleet Inc

PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications and sensor technology to manage their assets. It operates in the segment of Wireless IoT asset management. Click Here to get the full Stock Report for PowerFleet Inc stock.