NYSE:MIXT

MiX Telematics (MIXT) Stock Forecast, Price & News

$7.01

-0.23 (-3.18%)

(As of 06/1/2023 ET)

Compare

Today's Range: $7.00
▼
$7.15
50-Day Range: $7.01
▼
$8.26
52-Week Range: $6.75
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$10.48

Volume: 46,542 shs
Average Volume: 26,158 shs
Market Capitalization: $170.69 million

P/E Ratio: 33.38
Dividend Yield: 2.28%
Price Target: $15.00

MiX Telematics MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 114.0% Upside
$15.00 Price Target
Short Interest: Healthy
0.09% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.02
Based on 9 Articles This Week
Insider Trading: Selling Shares
$1.03 M Sold Last Quarter
Proj. Earnings Growth: 18.97%
From $0.58 to $0.69 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Computer And Technology Sector

35th out of 1,226 stocks

Prepackaged Software Industry

3rd out of 432 stocks

3.5

Analyst's Opinion

Consensus Rating
MiX Telematics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, MiX Telematics has a forecasted upside of 114.0% from its current price of $7.01.
Amount of Analyst Coverage
MiX Telematics has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.09% of the float of MiX Telematics has been sold short.
Short Interest Ratio / Days to Cover
MiX Telematics has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MiX Telematics has recently decreased by 5.07%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
MiX Telematics pays a meaningful dividend of 2.28%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
MiX Telematics does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MiX Telematics is 76.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, MiX Telematics will have a dividend payout ratio of 23.19% next year. This indicates that MiX Telematics will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MIXT.

1.7

News and Social Media Coverage

News Sentiment
MiX Telematics has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for MiX Telematics this week, compared to 2 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MiX Telematics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,031,145.00 in company stock.
Percentage Held by Insiders
27.80% of the stock of MiX Telematics is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 34.20% of the stock of MiX Telematics is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MiX Telematics are expected to grow by 18.97% in the coming year, from $0.58 to $0.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MiX Telematics is 33.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of MiX Telematics is 33.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 338.71.
Price to Book Value per Share Ratio
MiX Telematics has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MiX Telematics (NYSE:MIXT) Stock

MiX Telematics Ltd. engages in the provision of fleet and mobile asset management solutions. It focuses on the following industries: fast moving consumer goods, utilities, security, construction, transport and distribution, emergency services, government, rental and leasing, mining, oil and gas, and public transport. The company was founded by Stefan Joselowitz in 1996 and is headquartered in Boca Raton, FL.

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MIXT Stock News Headlines

May 31, 2023 | americanbankingnews.com

MiX Telematics (NYSE:MIXT) Coverage Initiated by Analysts at StockNews.com

May 31, 2023 | americanbankingnews.com

MiX Telematics Limited to Post Q1 2024 Earnings of $0.15 Per Share, William Blair Forecasts (NYSE:MIXT)

June 1, 2023 | Vantage Point (Ad)

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May 26, 2023 | finance.yahoo.com

MiX Telematics passes a million active subscribers, releases full year results

May 25, 2023 | finance.yahoo.com

MiX Telematics Reports Preliminary Unaudited Fourth Quarter and Full Fiscal Year 2023 U.S. GAAP Financial Results

May 25, 2023 | finance.yahoo.com

MiX Telematics Announces Upcoming Investor Conference Schedule for May and June 2023

May 24, 2023 | benzinga.com

Earnings Outlook For MiX Telematics

May 24, 2023 | markets.businessinsider.com

Mix Telematics earnings: here's what to expect

June 1, 2023 | Behind the Markets (Ad)

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May 24, 2023 | americanbankingnews.com

MiX Telematics (MIXT) to Release Quarterly Earnings on Thursday

May 24, 2023 | finance.yahoo.com

Here's What's Concerning About MiX Telematics' (JSE:MIX) Returns On Capital

May 23, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on MiX Telematics (NYSE:MIXT)

May 20, 2023 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) Insider Sells $124,359.25 in Stock

May 16, 2023 | finance.yahoo.com

MiX Telematics Sets Fourth Quarter and Fiscal Year 2023 Conference Call for May 25, 2023, at 8:00 a.m. ET and 2:00 p.m. SAST

May 13, 2023 | investing.com

MiX Telematics Ltd (MIXT)

May 13, 2023 | americanbankingnews.com

Robin A. Frew Sells 308,025 Shares of MiX Telematics Limited (NYSE:MIXT) Stock

May 7, 2023 | finance.yahoo.com

Investors in MiX Telematics (JSE:MIX) have unfortunately lost 32% over the last five years

May 5, 2023 | marketwatch.com

Global Ohv Telematics Market Innovative Growth Techniques by [2023-2030]

May 5, 2023 | benzinga.com

Passenger vehicle telematics market size to grow by USD 24.78 billion from 2022 and 2027; APAC to account for 45% of the market growth - Technavio

April 30, 2023 | americanbankingnews.com

MiX Telematics (NYSE:MIXT) Now Covered by StockNews.com

April 18, 2023 | finance.yahoo.com

MiX Telematics Limited's (JSE:MIX) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?

April 15, 2023 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) Insider Robin A. Frew Sells 492,225 Shares

April 13, 2023 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) Insider Robin A. Frew Sells 260,000 Shares of Stock

March 30, 2023 | finance.yahoo.com

MiX Telematics Accelerates Customer Wins and Expansion in LatAm

March 23, 2023 | seekingalpha.com

MIXT MiX Telematics Limited

March 21, 2023 | finance.yahoo.com

Transportation Telematics Market Size to Surpass USD 66.04 billion, Rise with Steller CAGR 20% | Exclusive Report by Exactitude Consultancy

January 27, 2023 | insidermonkey.com

MiX Telematics Limited (NYSE:MIXT) Q3 2023 Earnings Call Transcript

See More Headlines

MIXT Price History

30 days | 90 days | 365 days | Advanced Chart

MIXT Company Calendar

Last Earnings: 5/26/2016
Today: 6/01/2023
Next Earnings (Estimated): 7/27/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:MIXT
CUSIP: N/A
CIK: 1576914
Web: www.mixtelematics.co.za
Phone: (877) 585-1088
Fax: 27-11-654-8286
Employees: 1,083
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.00
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +114.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.21
Trailing P/E Ratio: 33.38
Forward P/E Ratio: 12.09
P/E Growth: N/A
Net Income: $4.52 million
Net Margins: 3.12%
Pretax Margin: 8.05%
Return on Equity: 7.15%
Return on Assets: 4.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.33
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $144.99 million
Price / Sales: 1.18
Cash Flow: $1.11 per share
Price / Cash Flow: 6.34
Book Value: $5.23 per share
Price / Book: 1.34

Miscellaneous

Outstanding Shares: 24,350,000
Free Float: 17,581,000
Market Cap: $170.69 million
Optionable: Not Optionable
Beta: 1.00

Key Executives

Stefan Brian Joselowitz
President, CEO & Executive Director

Charles William Rex Tasker
Chief Operating Officer & Executive Director

Paul Dell
Chief Financial Officer, Director & Executive VP

Catherine Lewis
Executive Vice President-Technology

Gert Pretorius
Executive Vice President-Africa

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MIXT Stock - Frequently Asked Questions

Should I buy or sell MiX Telematics stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MiX Telematics in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MIXT shares.
View MIXT analyst ratings or view top-rated stocks.
What is MiX Telematics' stock price forecast for 2023?: 2 brokers have issued 12-month price targets for MiX Telematics' stock. Their MIXT share price forecasts range from $10.00 to $20.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 114.0% from the stock's current price.
View analysts price targets for MIXT or view top-rated stocks among Wall Street analysts.
How have MIXT shares performed in 2023?: MiX Telematics' stock was trading at $7.03 at the beginning of 2023. Since then, MIXT stock has decreased by 0.3% and is now trading at $7.01.
View the best growth stocks for 2023 here.
When is MiX Telematics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MIXT earnings forecast.
How were MiX Telematics' earnings last quarter?: MiX Telematics Limited (NYSE:MIXT) issued its earnings results on Thursday, May, 26th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The technology company earned $25.90 million during the quarter, compared to the consensus estimate of $23.98 million. MiX Telematics had a trailing twelve-month return on equity of 7.15% and a net margin of 3.12%.
How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics?: MiX Telematics announced a quarterly dividend on Thursday, January 26th. Investors of record on Friday, February 17th will be paid a dividend of $0.044 per share on Thursday, March 2nd. This represents a $0.18 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, February 16th.
Read our dividend analysis for MIXT.
Is MiX Telematics a good dividend stock?: MiX Telematics (NYSE:MIXT) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.28%. The dividend payout ratio is 76.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MIXT will have a dividend payout ratio of 23.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MIXT.
What is Stefan Joselowitz's approval rating as MiX Telematics' CEO?: 24 employees have rated MiX Telematics Chief Executive Officer Stefan Joselowitz on Glassdoor.com. Stefan Joselowitz has an approval rating of 89% among the company's employees.

What other stocks do shareholders of MiX Telematics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MiX Telematics investors own include Energy Transfer (ET), Micron Technology (MU), AbbVie (ABBV), Netflix (NFLX), Cisco Systems (CSCO), Cypress Semiconductor (CY), SeaChange International (SEAC), Activision Blizzard (ATVI), Pfizer (PFE) and QUALCOMM (QCOM).
What is MiX Telematics' stock symbol?: MiX Telematics trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIXT."
Who are MiX Telematics' major shareholders?: MiX Telematics' stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (4.89%), Kopion Asset Management LLC (3.37%), Harber Asset Management LLC (2.26%), Renaissance Technologies LLC (1.87%), Meros Investment Management LP (1.73%) and Penn Mutual Asset Management LLC (1.37%). Insiders that own company stock include Catherine J Lewis, Charles W Tasker, Gert Pretorius, Ian Jacobs, John Granara, Paul M Dell, Robin A Frew and Stefan B Joselowitz.
View institutional ownership trends.
How do I buy shares of MiX Telematics?: Shares of MIXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MiX Telematics' stock price today?: One share of MIXT stock can currently be purchased for approximately $7.01.
How much money does MiX Telematics make?: MiX Telematics (NYSE:MIXT) has a market capitalization of $170.69 million and generates $144.99 million in revenue each year. The technology company earns $4.52 million in net income (profit) each year or $0.21 on an earnings per share basis.
How many employees does MiX Telematics have?: The company employs 1,083 workers across the globe.
How can I contact MiX Telematics?: MiX Telematics' mailing address is 750 PARK OF COMMERCE BLVD. SUITE 100, BOCA RATON FL, 33487. The official website for the company is www.mixtelematics.co.za. The technology company can be reached via phone at (877) 585-1088, via email at ir@mixtelematics.com, or via fax at 27-11-654-8286.

This page (NYSE:MIXT) was last updated on 6/1/2023 by MarketBeat.com Staff

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