MiX Telematics Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MiX Telematics in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MiX Telematics stock.
View analyst ratings for MiX Telematics or view top-rated stocks.

Wall Street analysts have given MiX Telematics a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MiX Telematics wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MiX Telematics saw a decrease in short interest in April. As of April 15th, there was short interest totaling 65,300 shares, a decrease of 19.5% from the March 31st total of 81,100 shares. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is currently 1.4 days.
View MiX Telematics' Short Interest.

MiX Telematics is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for MiX Telematics.

MiX Telematics will be holding an earnings conference call on Thursday, May 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MiX Telematics Limited (NYSE:MIXT) announced its earnings results on Thursday, May, 26th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks' 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 net margin of 6.39% and a trailing twelve-month return on equity of 10.94%.
View MiX Telematics' earnings history.

MiX Telematics' stock was trading at $9.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MIXT shares have increased by 33.4% and is now trading at $12.67.
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MiX Telematics announced a quarterly dividend on Monday, February 1st. Stockholders of record on Friday, February 19th will be given a dividend of $0.0662 per share on Thursday, March 4th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, February 18th. This is a boost from MiX Telematics's previous quarterly dividend of $0.06.
View MiX Telematics' dividend history.

MiX Telematics pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.58%. MiX Telematics does not yet have a strock track record of dividend growth. The dividend payout ratio of MiX Telematics is 28.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MiX Telematics will have a dividend payout ratio of 57.14% next year. This indicates that MiX Telematics will be able to sustain or increase its dividend.
View MiX Telematics' dividend history.

2 brokers have issued 12 month price objectives for MiX Telematics' shares. Their forecasts range from $19.00 to $19.00. On average, they expect MiX Telematics' stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 50.0% from the stock's current price.
View analysts' price targets for MiX Telematics or view top-rated stocks among Wall Street analysts.

24 employees have rated MiX Telematics CEO Stefan Joselowitz on Glassdoor.com. Stefan Joselowitz has an approval rating of 89% among MiX Telematics' employees.

Some companies that are related to MiX Telematics include Upland Software (UPLD), Avid Technology (AVID), Opera (OPRA), SecureWorks (SCWX), NCC Group (NCCGF), iClick Interactive Asia Group (ICLK), Grid Dynamics (GDYN), Golden Nugget Online Gaming (GNOG), Magic Software Enterprises (MGIC), Cango (CANG), ChannelAdvisor (ECOM), PDF Solutions (PDFS), American Software (AMSWA), Rand Worldwide (RWWI) and Benefitfocus (BNFT).
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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).

MiX Telematics trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIXT."

MiX Telematics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Acadian Asset Management LLC (2.92%), Renaissance Technologies LLC (2.75%), Kopion Asset Management LLC (2.07%), Acuitas Investments LLC (0.87%), Pinnacle Associates Ltd. (0.60%) and Russell Investments Group Ltd. (0.14%). Company insiders that own MiX Telematics stock include Catherine J Lewis and Gert Pretorius.
View institutional ownership trends for MiX Telematics.

MIXT stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Kopion Asset Management LLC, Acuitas Investments LLC, Acadian Asset Management LLC, Pinnacle Associates Ltd., Penn Mutual Asset Management LLC, and Russell Investments Group Ltd.. Company insiders that have sold MiX Telematics company stock in the last year include Catherine J Lewis, and Gert Pretorius.
View insider buying and selling activity for MiX Telematics or view top insider-selling stocks.

MIXT stock was bought by a variety of institutional investors in the last quarter, including Abundance Wealth Counselors, Northern Trust Corp, and Commonwealth Equity Services LLC.
View insider buying and selling activity for MiX Telematics or or view top insider-buying stocks.

Shares of MIXT 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.
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One share of MIXT stock can currently be purchased for approximately $12.67.

MiX Telematics has a market capitalization of $306.91 million and generates $145.65 million in revenue each year. The technology company earns $10.99 million in net income (profit) each year or $0.69 on an earnings per share basis.

MiX Telematics employs 1,035 workers across the globe.

The official website for MiX Telematics is www.mixtelematics.co.za.

MiX Telematics is headquartered at 750 PARK OF COMMERCE BLVD. SUITE 100, BOCA RATON FL, 33487.

MiX Telematics' mailing address is 750 PARK OF COMMERCE BLVD. SUITE 100, BOCA RATON FL, 33487. The technology company can be reached via phone at 877-585-1088 or via email at [email protected]