NYSE:MIXT

MiX Telematics - MIXT Stock Forecast, Price & News

$8.14

-0.11 (-1.33%)

(As of 08/16/2022 10:08 AM ET)

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Today's Range: $8.14
▼
$8.14
50-Day Range: $7.07
▼
$10.34
52-Week Range: $6.75
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$14.43

Volume: 88 shs
Average Volume: 87,521 shs
Market Capitalization: $179.89 million

P/E Ratio: 29.07
Dividend Yield: 2.20%
Price Target: $19.33

MiX Telematics MarketRank™ Forecast

Analyst Rating: Strong Buy
3.50 Rating Score
Upside/Downside: 134.3% Upside
$19.33 Price Target
Short Interest: Healthy
0.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.52
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$218,444 Bought Last Quarter
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.

3.43 out of 5 stars

Computer And Technology Sector

7th out of 664 stocks

Prepackaged Software Industry

2nd out of 231 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 134.3% from its current price of $8.25.
Amount of Analyst Coverage
MiX Telematics has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.08% 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 0.4, 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 6.08%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
MiX Telematics pays a meaningful dividend of 2.20%, 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 67.86%. 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 35.85% 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.

2.5

News and Social Media Coverage

News Sentiment
MiX Telematics has a news sentiment score of 0.52. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for MiX Telematics this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for MIXT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
7 people have added MiX Telematics to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MiX Telematics insiders have bought 1,578.27% more of their company's stock than they have sold. Specifically, they have bought $218,444.00 in company stock and sold $13,016.00 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.

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 29.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of MiX Telematics is 29.46, 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 354.40.
Price to Book Value per Share Ratio
MiX Telematics has a P/B Ratio of 1.58. 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.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of MiX Telematics from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, July 29th. StockNews.com assumed coverage on shares of MiX Telematics in a research report on Saturday. They set a "buy" rating for the company.

MiX Telematics Price Performance

Shares of MIXT opened at $8.25 on Tuesday. MiX Telematics has a one year low of $6.75 and a one year high of $14.43. The company has a market cap of $182.30 million, a P/E ratio of 29.46 and a beta of 0.88. The firm has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $10.17.

MiX Telematics (NYSE:MIXT - Get Rating) last posted its earnings results on Thursday, July 28th. The technology company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. The firm had revenue of $35.06 million for the quarter, compared to analysts' expectations of $34.68 million. MiX Telematics had a net margin of 4.25% and a return on equity of 6.61%. On average, analysts expect that MiX Telematics will post 0.4 earnings per share for the current fiscal year.

MiX Telematics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 19th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, August 18th. This is a boost from MiX Telematics's previous quarterly dividend of $0.05. MiX Telematics's payout ratio is presently 67.86%.

Insiders Place Their Bets

In related news, Director Ian Jacobs bought 351,525 shares of the firm's stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $0.39 per share, with a total value of $137,094.75. Following the completion of the purchase, the director now owns 34,096,150 shares in the company, valued at approximately $13,297,498.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 555,225 shares of company stock valued at $218,444 and have sold 40,381 shares valued at $13,016. Insiders own 27.80% of the company's stock.

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MIXT Stock News Headlines

August 9, 2022 | finance.yahoo.com

MiX Telematics Announces Collaboration with Hino Trucks

August 7, 2022 | americanbankingnews.com

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

August 3, 2022 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) Forecasted to Post Q2 2023 Earnings of $0.10 Per Share

August 2, 2022 | americanbankingnews.com

MiX Telematics (NYSE:MIXT) Price Target Cut to $20.00 by Analysts at Canaccord Genuity Group

August 1, 2022 | americanbankingnews.com

Raymond James Reaffirms "Maintains" Rating for MiX Telematics (NYSE:MIXT)

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 26, 2022 | americanbankingnews.com

MiX Telematics (MIXT) Scheduled to Post Quarterly Earnings on Thursday

July 22, 2022 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) Sees Large Decline in Short Interest

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

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MIXT Company Calendar

Ex-Dividend for 6/30 Dividend: 6/16/2022
Dividend Payable: 6/30/2022
Last Earnings: 7/28/2022
Today: 8/16/2022
Ex-Dividend for 9/1 Dividend: 8/18/2022
Dividend Payable: 9/01/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 3/31/2023

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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: $19.33
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +137.5%
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: 29.07
Forward P/E Ratio: 20.35
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: 1.26
Cash Flow: $1.08 per share
Price / Cash Flow: 7.57
Book Value: $5.23 per share
Price / Book: 1.56

Miscellaneous

Outstanding Shares: 22,100,000
Free Float: 15,954,000
Market Cap: $179.89 million
Optionable: Not Optionable
Beta: 0.88

Key Executives

Mr. Stefan Brian Joselowitz (Age 63)
Pres, CEO & Exec. Director
Comp: $646.56k
Mr. Paul M. Dell (Age 40)
Exec. VP, CFO & Director
Comp: $265.72k
Mr. Charles W. R. Tasker (Age 58)
COO & Exec. Director
Comp: $481.36k
Ms. Catherine Joy Lewis (Age 47)
Exec. VP of Technology & MD of Central Services Organisation
Comp: $176.8k
Mr. Gert Pretorius (Age 54)
Exec. VP of Africa & MD of MiX Africa
Comp: $301.82k
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 research 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 research 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 equities research analysts have issued 12 month price targets for MiX Telematics' stock. Their MIXT share price forecasts range from $16.00 to $22.00. On average, they anticipate the company's share price to reach $19.33 in the next twelve months. This suggests a possible upside of 134.3% 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 on January 1st, 2022. Since then, MIXT stock has decreased by 34.6% and is now trading at $8.25.
View the best growth stocks for 2022 here.
Are investors shorting MiX Telematics?: MiX Telematics saw a decrease in short interest in June. As of June 30th, there was short interest totaling 15,700 shares, a decrease of 19.1% from the June 15th total of 19,400 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is presently 0.9 days.
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) issued its quarterly earnings data on Thursday, July, 28th. The technology company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The technology company had revenue of $35.06 million for the quarter, compared to the consensus estimate of $34.68 million. MiX Telematics had a trailing twelve-month return on equity of 6.61% and a net margin of 4.25%.
How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics?: MiX Telematics declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.06 per share on Thursday, September 1st. This represents a $0.24 annualized dividend and a yield of 2.91%. 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 $0.19 per share and currently has a dividend yield of 2.20%. The dividend payout ratio is 67.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MIXT will have a dividend payout ratio of 35.85% 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 many different retail and institutional investors. Top institutional shareholders include Kopion Asset Management LLC (2.31%), Renaissance Technologies LLC (2.35%), Pinnacle Associates Ltd. (0.47%), Parallax Volatility Advisers L.P. (0.34%), Millennium Management LLC (0.15%) and Abundance Wealth Counselors (0.04%). Insiders that own company stock include Catherine J Lewis, Charles W Tasker, Gert Pretorius, Ian Jacobs, John Granara, Paul M Dell 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 $8.25.
How much money does MiX Telematics make?: MiX Telematics (NYSE:MIXT) has a market capitalization of $182.33 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 8/16/2022 by MarketBeat.com Staff

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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