MiX Telematics - MIXT Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our MIXT earnings forecast.

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%.

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.

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.

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.

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 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.

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.

One share of MIXT stock can currently be purchased for approximately $8.27.

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.

The company employs 1,083 workers across the globe.

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.