NYSE:MIXT

MiX Telematics - MIXT Stock Forecast, Price & News

$7.60

+0.08 (+1.06%)

(As of 09/30/2022 12:00 AM ET)

Add

Compare

Today's Range: $7.41
▼
$7.73
50-Day Range: $7.20
▼
$8.61
52-Week Range: $6.75
▼
$13.18

Volume: 4,981 shs
Average Volume: 24,832 shs
Market Capitalization: $184.22 million

P/E Ratio: 27.14
Dividend Yield: 2.34%
Price Target: $19.33

MiX Telematics MarketRank™ Forecast

Analyst Rating: Strong Buy
3.50 Rating Score
Upside/Downside: 154.4% Upside
$19.33 Price Target
Short Interest: Healthy
0.18% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.37
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 32.50%
From $0.40 to $0.53 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

62nd out of 650 stocks

Prepackaged Software Industry

13th out of 227 stocks

3.8

Analyst's Opinion

Consensus Rating
MiX Telematics has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.33, MiX Telematics has a forecasted upside of 154.4% from its current price of $7.60.
Amount of Analyst Coverage
MiX Telematics has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.18% 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 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MiX Telematics has recently increased by 35.71%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
MiX Telematics pays a meaningful dividend of 2.34%, 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 64.29%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MiX Telematics will have a dividend payout ratio of 33.96% 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.

3.0

News and Social Media Coverage

News Sentiment
MiX Telematics has a news sentiment score of 0.37. 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 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MiX Telematics this week, compared to 1 article on an average week.
Search Interest
4 people have searched for MIXT on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
9 people have added MiX Telematics to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MiX Telematics insiders have not sold or bought any 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 35.43% 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 32.50% in the coming year, from $0.40 to $0.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MiX Telematics is 27.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of MiX Telematics is 27.14, 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 329.52.
Price to Book Value per Share Ratio
MiX Telematics has a P/B Ratio of 1.45. 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 Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers MiX Fleet Manager, a web-based application, which provides commercial fleet management solution that gives user live and historical views of driver and vehicle performance information, including vehicle tracking and status information, as well as alerts and notifications; MiX Asset Manager, a portfolio of asset tracking products comprising generators, light towers, storage tanks, and pumps; and Matrix, a mobile asset management solutions that offers real-time and historical vehicle tracking and positioning, unauthorized vehicle use alerts, panic emergency response, crash alerts, driver behavior alerts, fuel tax logbooks, and vehicle maintenance notifications for entry-level fleets and consumers. It also provides Beam-e, a crowdsourcing platform to locate vehicles without the expense of utilizing a traditional cellular network connection, and entry-level tracking and recovery services; MiX Now, a system that helps companies monitor and manage the behavior and performance of their vehicles and drivers. It delivers fleet and mobile asset management solutions as SaaS to 815,165 subscribers in South Africa, the Americas, the Middle East, Australia, Europe, and Brazil. MiX Telematics Limited was founded in 1996 and is headquartered in Boca Raton, Florida.

Receive MIXT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MiX Telematics and its competitors with MarketBeat's FREE daily newsletter.

MIXT Stock News Headlines

September 30, 2022 | americanbankingnews.com

MiX Telematics (NYSE:MIXT) Receives New Coverage from Analysts at StockNews.com

September 21, 2022 | finance.yahoo.com

MiX Telematics Appoints Gateway Group to Lead Expanded Investor Relations Program

September 8, 2022 | finance.yahoo.com

MiX Telematics signs a 5-year contract with a utility provider

September 7, 2022 | finance.yahoo.com

MiX Telematics to acquire Trimble's Field Service Management Business

August 22, 2022 | stocknews.com

Is Palantir Technologies A "Buy" After Q2 Earnings Report?

August 18, 2022 | money.usnews.com

MiX Telematics Ltd - ADR

August 9, 2022 | finance.yahoo.com

MiX Telematics Announces Collaboration with Hino Trucks

July 30, 2022 | seekingalpha.com

MiX Telematics Limited (MIXT) CEO Stefan Joselowitz on Q1 2023 Results - Earnings Call Transcript

July 28, 2022 | finance.yahoo.com

MiX Telematics Reports First Quarter Fiscal Year 2023 U.S. GAAP Financial Results

July 26, 2022 | nasdaq.com

MiX Telematics Still On The Decline

July 21, 2022 | finance.yahoo.com

MiX Telematics Limited (MIXT) Surges 5.9%: Is This an Indication of Further Gains?

July 15, 2022 | finance.yahoo.com

MiX Telematics Announces Date of First Quarter Fiscal Year 2023 Conference Call and Webcast

July 5, 2022 | stocknews.com

Vimeo Down More Than 85% in a Year! Is It a Bargain?

May 26, 2022 | seekingalpha.com

MiX Telematics Limited's (MIXT) CEO Stefan Joselowitz on Q4 2022 Results - Earnings Call Transcript

May 26, 2022 | investing.com

MiX Telematics Reports In-Line Q4 EPS

May 26, 2022 | benzinga.com

MiX Telematics Reports Preliminary Unaudited...

May 26, 2022 | finance.yahoo.com

MiX Telematics Reports Preliminary Unaudited Fourth Quarter and Full Fiscal Year 2022 U.S. GAAP Financial Results and Changes to the Board of Directors

May 16, 2022 | seekingalpha.com

MiX Telematics expands in South America with two significant customers

May 16, 2022 | finance.yahoo.com

MiX Telematics Sees Significant Customer Expansion in South America

May 12, 2022 | finance.yahoo.com

MiX Telematics Announces Date of Fourth Quarter and Fiscal Year 2022 Conference Call and Webcast

May 10, 2022 | seekingalpha.com

MiX Telematics: Dividend May Come Under Pressure Shortly

April 8, 2022 | finance.yahoo.com

MiX Telematics and CANGO partner to deliver advanced fleet data experience

March 24, 2022 | stocknews.com

Vimeo: Buy, Sell, or Hold?

March 17, 2022 | seekingalpha.com

Brazilian passenger group expands partnership with MiX Telematics

March 17, 2022 | finance.yahoo.com

Leading Brazilian passenger transport group expands sustainable partnership with MiX Telematics

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive MIXT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MiX Telematics and its competitors with MarketBeat's FREE daily newsletter.

MIXT Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 9/1 Dividend: 8/18/2022
Dividend Payable: 9/01/2022
Today: 10/01/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 3/31/2023

Get Stock Alerts

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: $19.33
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +154.4%
Consensus Rating: Strong Buy
Rating Score (0-4): 3.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.28
Trailing P/E Ratio: 27.14
Forward P/E Ratio: 19.00
P/E Growth: N/A
Net Income: $8.95 million
Net Margins: 4.25%
Pretax Margin: 9.10%
Return on Equity: 6.61%
Return on Assets: 4.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.75
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: $143.29 million
Price / Sales: 1.29
Cash Flow: $1.15 per share
Price / Cash Flow: 6.61
Book Value: $5.23 per share
Price / Book: 1.45

Miscellaneous

Outstanding Shares: 24,240,000
Free Float: 17,498,000
Market Cap: $184.22 million
Optionable: Not Optionable
Beta: 0.87

Key Executives

Mr. Stefan Brian Joselowitz (Age 63)
Pres, CEO & Exec. Director
Comp: $622.93k

Mr. Paul M. Dell (Age 40)
Exec. VP, CFO & Director
Comp: $256k

Mr. Charles W. R. Tasker (Age 58)
COO & Exec. Director
Comp: $463.76k

Ms. Catherine Joy Lewis (Age 47)
Exec. VP of Technology & MD of Central Services Organisation
Comp: $170.34k

Mr. Gert Pretorius (Age 54)
Exec. VP of Africa & MD of MiX Africa
Comp: $290.79k

Ms. Jennifer de Vos BCom LLB
Group Legal Counsel

Mr. Jonathan Bates (Age 39)
Exec. VP of Marketing

Mr. Luiz Munhoz
Managing Director of Mix Brazil

Mr. Christoff Smit
Chief Operating Officer - North America

Mr. Brodie Von Berg
Managing Director - Mix MEA

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 analysts have issued "buy," "hold," and "sell" ratings for MiX Telematics in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" MIXT shares.
View MIXT analyst ratings or view top-rated stocks.
What is MiX Telematics' stock price forecast for 2022?: 2 brokers have issued twelve-month price targets for MiX Telematics' shares. Their MIXT share price forecasts range from $16.00 to $22.00. On average, they predict the company's share price to reach $19.33 in the next year. This suggests a possible upside of 154.4% 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 2022?: MiX Telematics' stock was trading at $12.61 at the beginning of 2022. Since then, MIXT shares have decreased by 39.7% and is now trading at $7.60.
View the best growth stocks for 2022 here.
Are investors shorting MiX Telematics?: MiX Telematics saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,900 shares, an increase of 35.7% from the August 31st total of 29,400 shares. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company's shares are sold short.
View MiX Telematics' Short Interest.
When is MiX Telematics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MIXT earnings forecast.
How were MiX Telematics' earnings last quarter?: MiX Telematics Limited (NYSE:MIXT) released its quarterly earnings data on Thursday, July, 28th. The technology company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The technology company earned $35.06 million during the quarter, compared to analyst estimates of $34.68 million. MiX Telematics had a net margin of 4.25% and a trailing twelve-month return on equity of 6.61%.
How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics?: MiX Telematics announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 19th will be given a dividend of $0.06 per share on Thursday, September 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, August 18th. This is an increase from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for MIXT.

Is MiX Telematics a good dividend stock?: MiX Telematics (NYSE:MIXT) pays an annual dividend of $0.18 per share and currently has a dividend yield of 2.34%. The dividend payout ratio is 64.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MIXT will have a dividend payout ratio of 33.96% 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."
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 $7.60.
How much money does MiX Telematics make?: MiX Telematics (NYSE:MIXT) has a market capitalization of $184.22 million and generates $143.29 million in revenue each year. The technology company earns $8.95 million in net income (profit) each year or $0.28 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 10/1/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

MiX Telematics - MIXT Stock Forecast, Price & News

MiX Telematics MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows