MiX Telematics - MIXT Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" MIXT shares.
View MIXT analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month target prices for MiX Telematics' shares. Their MIXT share price forecasts range from $10.00 to $22.00. On average, they anticipate the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 133.3% 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 on January 1st, 2023. Since then, MIXT stock has increased by 5.7% and is now trading at $7.43.
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MiX Telematics saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 25,500 shares, an increase of 62.4% from the December 31st total of 15,700 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.
View MiX Telematics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MIXT earnings forecast.

MiX Telematics Limited (NYSE:MIXT) posted its earnings results on Thursday, May, 26th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The technology company earned $25.90 million during the quarter, compared to analysts' expectations of $23.98 million. MiX Telematics had a trailing twelve-month return on equity of 5.58% and a net margin of 2.52%.

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 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 18th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for MIXT.

MiX Telematics (NYSE:MIXT) pays an annual dividend of $0.17 per share and currently has a dividend yield of 2.35%. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MIXT will have a dividend payout ratio of 34.69% 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 many different retail and institutional investors. Top institutional investors include Kopion Asset Management LLC (2.82%) and Pinnacle Associates Ltd. (0.51%). 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.
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One share of MIXT stock can currently be purchased for approximately $7.43.

MiX Telematics (NYSE:MIXT) has a market capitalization of $180.44 million and generates $143.29 million in revenue each year. The technology company earns $8.95 million in net income (profit) each year or $0.17 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.