As a provider of wireless Internet-of-Things (IoT) asset management solutions, PowerFleet, Inc. (PWFL) is in an enviable position to meet the increasing demand from technology companies for automation to streamline their operations and boost their decision-making.
The global asset management software market is expected to grow at a CAGR of 11.1% between 2023 and 2030, providing an excellent opportunity for PWFL’s continued success. The stock ended the recent trading session at $2.89, above both its 100-day and 200-day moving averages of $2.81 and $2.86, respectively.
