Shareholders have faith in loss-making PowerFleet (NASDAQ:AIOT) as stock climbs 13% in past week, taking one-year gain to 161%

By Yahoo! Finance | Nov 10, 2024 at 09:19 AM EST

The stock of PowerFleet, Inc. (NASDAQ:AIOT) has seen a 161% increase in the last year, reflecting strong market performance. While revenue has grown by 35%, the company's long-term returns are negative. Shareholders are hopeful for profitability in the future.

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