NYSE:MIXT MiX Telematics - MIXT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MiX Telematics Limited Please log in to your account or sign up in order to add this asset to your watchlist. $8.27 -0.11 (-1.31%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.12▼$8.4350-Day Range$7.13▼$8.9752-Week Range$6.75▼$12.77Volume28,903 shsAverage Volume19,041 shsMarket Capitalization$201.62 millionP/E Ratio30.63Dividend Yield1.93%Price Target$15.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media MiX Telematics MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside81.4% Upside$15.00 Price TargetShort InterestHealthy0.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.17Based on 3 Articles This WeekInsider TradingSelling Shares$1.38 M Sold Last QuarterProj. Earnings Growth80.56%From $0.36 to $0.65 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsComputer And Technology Sector65th out of 604 stocksPrepackaged Software Industry12th out of 211 stocks 3.5 Analyst's Opinion Consensus RatingMiX 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/DownsideAccording to analysts' consensus price target of $15.00, MiX Telematics has a forecasted upside of 81.4% from its current price of $8.27.Amount of Analyst CoverageMiX Telematics has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.13% of the float of MiX Telematics has been sold short.Short Interest Ratio / Days to CoverMiX Telematics has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MiX Telematics has recently increased by 12.74%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMiX Telematics pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMiX Telematics does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MiX Telematics is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MiX Telematics will have a dividend payout ratio of 24.62% next year. This indicates that MiX Telematics will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MIXT. Previous Next 1.8 News and Social Media Coverage News SentimentMiX Telematics has a news sentiment score of 0.17. 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 0.37 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for MiX Telematics this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for MIXT on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,378,304.00 in company stock.Percentage Held by Insiders27.80% 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 InstitutionsOnly 34.20% of the stock of MiX Telematics is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MiX Telematics are expected to grow by 80.56% in the coming year, from $0.36 to $0.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MiX Telematics is 30.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.81.Price to Earnings Ratio vs. SectorThe P/E ratio of MiX Telematics is 30.63, 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 305.50.Price to Book Value per Share RatioMiX 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. Previous Next See Top Rated MarketRank™ Stocks Here About MiX Telematics (NYSE:MIXT) StockMiX 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.Read More 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. Email Address MIXT Stock News HeadlinesMarch 21, 2023 | finance.yahoo.comTransportation Telematics Market Size to Surpass USD 66.04 billion, Rise with Steller CAGR 20% | Exclusive Report by Exactitude ConsultancyMarch 16, 2023 | americanbankingnews.comMiX Telematics (NYSE:MIXT) Now Covered by StockNews.comMarch 21, 2023 | Health Sector Insight (Ad)Penny Stock Shows Big PotentialThe $4.37 trillion wellness market and the little-known penny stock to get on radar now. March 15, 2023 | americanbankingnews.comRobin A. Frew Sells 903,600 Shares of MiX Telematics Limited (NYSE:MIXT) StockMarch 12, 2023 | americanbankingnews.comMiX Telematics Limited (NYSE:MIXT) CFO Sells $75,955.44 in StockMarch 11, 2023 | americanbankingnews.comInsider Selling: MiX Telematics Limited (NYSE:MIXT) EVP Sells 172,626 Shares of StockJanuary 26, 2023 | seekingalpha.comMiX Telematics Limited (MIXT) Q3 2023 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comMiX Telematics Reports Third Quarter Fiscal Year 2023 U.S. GAAP Financial ResultsMarch 21, 2023 | Health Sector Insight (Ad)Penny Stock Shows Big PotentialThe $4.37 trillion wellness market and the little-known penny stock to get on radar now. January 24, 2023 | finance.yahoo.comMiX Telematics Limited's (JSE:MIX) P/E Is On The MarkJanuary 18, 2023 | tmcnet.comMiX Telematics Sets Third Quarter Fiscal 2023 ConferenceJanuary 18, 2023 | finance.yahoo.comMiX Telematics Sets Third Quarter Fiscal 2023 Conference Call for January 26, 2023, at 8:00 a.m. ET and 3:00 p.m. SASTJanuary 10, 2023 | finance.yahoo.comOne MiX Telematics Limited (JSE:MIX) insider upped their stake by -100% in the previous yearDecember 27, 2022 | finance.yahoo.comWith 37% stake, MiX Telematics Limited (JSE:MIX) seems to have captured institutional investors' interestDecember 13, 2022 | finance.yahoo.comMiX Telematics' (JSE:MIX) Returns Have Hit A WallDecember 5, 2022 | finance.yahoo.comMiX Telematics enhances video telematics capabilities with compelling updateNovember 30, 2022 | finance.yahoo.comMiX Telematics to Present at the Raymond James Technology Investor Conference on December 6, 2022November 27, 2022 | finance.yahoo.comInvestors in MiX Telematics (JSE:MIX) have unfortunately lost 27% over the last yearNovember 18, 2022 | seekingalpha.comMiX Telematics Produces Tepid Growth And Dropping Operating ProfitNovember 13, 2022 | finance.yahoo.comMiX Telematics Second Quarter 2023 Earnings: US$0.002 loss per share (vs US$0.002 profit in 2Q 2022)November 8, 2022 | finance.yahoo.comMiX Telematics Limited's (JSE:MIX) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?November 7, 2022 | finance.yahoo.comMiX Telematics wins Fleet Safety Partnership Award with McGill'sNovember 6, 2022 | finance.yahoo.com3 Hot Insider Trades, Plus Hedge Fund Moves: Coca-Cola, Biohaven, Carl IcahnNovember 1, 2022 | finance.yahoo.comAskeladden Capital Announces Activist Position in MiX Telematics (NYSE:MIXT)October 27, 2022 | msn.comMiX Telematics: Q2 Earnings InsightsOctober 27, 2022 | seekingalpha.comMiX Telematics Limited (MIXT) Q2 2023 Earnings Call TranscriptOctober 27, 2022 | finance.yahoo.comMiX Telematics Reports Second Quarter Fiscal Year 2023 U.S. GAAP Financial ResultsSee More Headlines View Price History Chart DataSkip Price History Chart 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. Email Address MIXT Company Calendar Last Earnings1/26/2023Ex-Dividend for 3/2 Dividend2/16/2023Dividend Payable3/02/2023Today3/20/2023Fiscal Year End3/31/2023Next Earnings (Estimated)5/25/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:MIXT CUSIPN/A CIK1576914 Webwww.mixtelematics.co.za Phone(877) 585-1088Fax27-11-654-8286Employees1,083Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.00 High Stock Price Forecast$20.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+81.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.27 Trailing P/E Ratio30.63 Forward P/E Ratio22.97 P/E GrowthN/ANet Income$8.95 million Net Margins3.98% Pretax Margin8.05% Return on Equity6.25% Return on Assets4.15% Debt Debt-to-Equity RatioN/A Current Ratio1.33 Quick Ratio1.23 Sales & Book Value Annual Sales$143.29 million Price / Sales1.40 Cash Flow$1.12 per share Price / Cash Flow7.36 Book Value$5.23 per share Price / Book1.58Miscellaneous Outstanding Shares24,320,000Free Float17,560,000Market Cap$201.13 million OptionableNot Optionable Beta0.96 Key ExecutivesStefan Brian JoselowitzPresident, CEO & Executive DirectorCharles William Rex TaskerChief Operating Officer & Executive DirectorPaul DellChief Financial Officer, Director & Executive VPCatherine LewisExecutive Vice President-TechnologyGert PretoriusExecutive Vice President-AfricaKey CompetitorsInnovidNYSE:CTVCognyte SoftwareNASDAQ:CGNTeGainNASDAQ:EGANBackblazeNASDAQ:BLZEUpland SoftwareNASDAQ:UPLDView All CompetitorsInsiders & InstitutionsRobin A FrewSold 903,600 sharesTotal: $289,152.00 ($0.32/share)Catherine J LewisSold 172,626 sharesTotal: $56,966.58 ($0.33/share)Paul M DellSold 230,168 sharesTotal: $75,955.44 ($0.33/share)Charles W TaskerSold 460,336 sharesTotal: $156,514.24 ($0.34/share)Paul M DellSold 1 sharesTotal: $0.31 ($0.31/share)View All Insider TransactionsView All Institutional Transactions MIXT Stock - Frequently Asked Questions Should I buy or sell MiX Telematics stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MiX Telematics in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 equities research analysts have issued 1-year price objectives for MiX Telematics' stock. Their MIXT share price forecasts range from $10.00 to $20.00. On average, they expect the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 81.4% 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 2023? MiX Telematics' stock was trading at $7.03 at the beginning of the year. Since then, MIXT shares have increased by 17.6% and is now trading at $8.27. View the best growth stocks for 2023 here. Are investors shorting MiX Telematics? MiX Telematics saw a decrease in short interest in February. As of February 15th, there was short interest totaling 25,900 shares, a decrease of 67.0% from the January 31st total of 78,400 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% 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, May 25th 2023. View our MIXT earnings forecast. How were MiX Telematics' earnings last quarter? MiX Telematics Limited (NYSE:MIXT) issued its quarterly earnings data on Thursday, January, 26th. The technology company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The technology company had revenue of $37.81 million for the quarter, compared to analyst estimates of $36.48 million. MiX Telematics had a net margin of 3.98% and a trailing twelve-month return on equity of 6.25%. How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics? MiX Telematics declared a quarterly dividend on Thursday, January 26th. Stockholders 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 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date 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 1.96%. The dividend payout ratio is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MIXT will have a dividend payout ratio of 24.62% 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 institutional and retail investors. Top institutional investors include Kopion Asset Management LLC (2.82%), Renaissance Technologies LLC (1.84%), Meros Investment Management LP (1.75%), Pinnacle Associates Ltd. (0.51%), Pinnacle Associates Ltd. (0.49%) and Raymond James & Associates (0.07%). 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 $8.27. How much money does MiX Telematics make? MiX Telematics (NYSE:MIXT) has a market capitalization of $201.13 million and generates $143.29 million in revenue each year. The technology company earns $8.95 million in net income (profit) each year or $0.27 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 3/21/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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