Should I buy or sell MiX Telematics stock right now?

1 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 for the stock. The consensus among Wall Street research analysts is that investors should "buy" MIXT shares. View MIXT analyst ratings or view top-rated stocks .

What is MiX Telematics' stock price target for 2024?

1 Wall Street research analysts have issued 12-month price targets for MiX Telematics' shares. Their MIXT share price targets range from $8.00 to $8.00. On average, they expect the company's share price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 16.6%. View analysts price targets for MIXT or view top-rated stocks among Wall Street analysts .

How have MIXT shares performed in 2024?

MiX Telematics' stock was trading at $8.61 at the beginning of the year. Since then, MIXT stock has increased by 11.4% and is now trading at $9.59. View the best growth stocks for 2024 here .

Are investors shorting MiX Telematics?

MiX Telematics saw a increase in short interest in January. As of January 15th, there was short interest totaling 23,300 shares, an increase of 27.3% from the December 31st total of 18,300 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 0.3 days. Currently, 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 23rd 2024. View our MIXT earnings forecast .

How were MiX Telematics' earnings last quarter?

MiX Telematics Limited (NYSE:MIXT) announced its earnings results on Thursday, May, 26th. The technology company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The technology company had revenue of $25.90 million for the quarter, compared to analyst estimates of $23.98 million. MiX Telematics had a trailing twelve-month return on equity of 8.47% and a net margin of 3.72%.

How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics?

MiX Telematics announced a quarterly dividend on Friday, February 2nd. Investors of record on Friday, February 23rd will be paid a dividend of $0.0603 per share on Thursday, March 7th. This represents a $0.24 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, February 22nd. Read our dividend analysis for MIXT .

Is MiX Telematics a good dividend stock?

MiX Telematics (NYSE:MIXT) pays an annual dividend of $0.18 per share and currently has a dividend yield of 1.87%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 72.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MIXT will have a dividend payout ratio of 30.51% 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) .

Who are MiX Telematics' major shareholders?

MiX Telematics' stock is owned by many different institutional and retail investors. Top institutional investors include Kopion Asset Management LLC (4.22%), Pinnacle Associates Ltd. (0.41%), Dimensional Fund Advisors LP (0.40%), FNY Investment Advisers LLC (0.02%) and Concourse Financial Group Securities Inc. (0.00%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MIXT

MiX Telematics (MIXT) Stock Price, News & Analysis

$9.59

0.00 (0.00%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $9.34
▼
$9.61
50-Day Range: $6.36
▼
$9.59
52-Week Range: $4.75
▼
$9.61

Volume: 74,300 shs
Average Volume: 103,757 shs
Market Capitalization: $233.13 million

P/E Ratio: 38.36
Dividend Yield: 1.88%
Price Target: $8.00

Get MiX Telematics alerts:

MiX Telematics MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.6% Downside
$8.00 Price Target
Short Interest: Healthy
0.11% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.27
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 47.50%
From $0.40 to $0.59 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.87 out of 5 stars

Computer And Technology Sector

291st out of 586 stocks

Prepackaged Software Industry

92nd out of 200 stocks

1.5

Analyst's Opinion

Consensus Rating
MiX Telematics has received a consensus rating of Buy. The company's average rating score is 3.00, 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 $8.00, MiX Telematics has a forecasted downside of 16.6% from its current price of $9.59.
Amount of Analyst Coverage
MiX Telematics has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.11% 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 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MiX Telematics has recently increased by 27.32%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
MiX Telematics pays a meaningful dividend of 1.87%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
MiX Telematics has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of MiX Telematics is 72.00%. 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 30.51% 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.

2.4

News and Social Media Coverage

News Sentiment
MiX Telematics has a news sentiment score of 0.27. 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 0.72 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for MiX Telematics this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added MiX Telematics to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MiX Telematics insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.40% 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 Institutions
40.29% of the stock of MiX Telematics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MiX Telematics are expected to grow by 47.50% in the coming year, from $0.40 to $0.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MiX Telematics is 38.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of MiX Telematics is 38.36, 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 203.23.
Price to Book Value per Share Ratio
MiX Telematics has a P/B Ratio of 2.15. 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 Stock (NYSE:MIXT)

MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data. The company provides MiX Asset Manager, asset tracking products including generators, light towers, storage tanks and pumps, and asset management solution for visibility of corporate assets; and Matrix, a suite of mobile asset management solutions for entry-level fleets and consumers, which 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. In addition, it offers Beam-e, a crowdsourcing platform to locate vehicles without the expense of utilizing a traditional cellular network connection. The company delivers fleet and mobile asset management solutions as SaaS to 1,001,800 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.

MIXT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MIXT Stock News Headlines

February 8, 2024 | finance.yahoo.com

Transport for Greater Manchester Chooses MiX Telematics

February 8, 2024 | americanbankingnews.com

StockNews.com Initiates Coverage on MiX Telematics (NYSE:MIXT)

February 12, 2024 | Behind the Markets (Ad)

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February 5, 2024 | americanbankingnews.com

MiX Telematics Limited (NYSE:MIXT) to Post Q4 2024 Earnings of $0.13 Per Share, William Blair Forecasts

February 4, 2024 | americanbankingnews.com

MiX Telematics Limited to Post FY2024 Earnings of $0.40 Per Share, William Blair Forecasts (NYSE:MIXT)

February 2, 2024 | msn.com

The Fastest Growing Trends in Car Insurance for 2024

February 2, 2024 | markets.businessinsider.com

William Blair Keeps Their Buy Rating on MiX Telematics (MIXT)

February 2, 2024 | msn.com

MiX Telematics Q3 Fiscal 2024 Results and Dividend Declaration

February 12, 2024 | The Oxford Club (Ad)

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February 2, 2024 | finance.yahoo.com

MiX Telematics Limited (NYSE:MIXT) Q3 2024 Earnings Call Transcript

February 1, 2024 | finance.yahoo.com

MiX Telematics Reports Growth in Revenue and Subscriber Base in Q3 FY2024

February 1, 2024 | msn.com

MiX Telematics reports Q3 results

February 1, 2024 | businesswire.com

MiX Telematics Reports Third Quarter Fiscal Year 2024 U.S. GAAP Financial Results

January 31, 2024 | msn.com

MiX Telematics Issues Update on PowerFleet Transaction

January 31, 2024 | msn.com

MiX Telematics Acquisition by PowerFleet Announced

January 31, 2024 | markets.businessinsider.com

Here's what Wall Street expects from Mix Telematics's earnings

January 30, 2024 | finance.yahoo.com

Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination

January 18, 2024 | finance.yahoo.com

MiX Telematics Sets Third Quarter Fiscal Year 2024 Conference Call for February 1, 2024, at 8:00 a.m. ET and 3:00 p.m. SAST

December 14, 2023 | benzinga.com

Addressing Performance Concerns: MiX Telematics Manages Decreased Earnings and Adjusts Dividends

November 10, 2023 | finance.yahoo.com

MiX Telematics Limited (NYSE:MIXT) Q2 2024 Earnings Call Transcript

November 9, 2023 | finance.yahoo.com

PowerFleet Inc (PWFL) Reports Q3 2023 Earnings: SaaS Revenue and AEBITDA Surge Amidst Strategic ...

November 8, 2023 | finance.yahoo.com

MiX Telematics Reports Second Quarter Fiscal Year 2024 U.S. GAAP Financial Results

October 26, 2023 | finance.yahoo.com

MiX Telematics Sets Second Quarter Fiscal Year 2024 Conference Call for November 8, 2023, at 8:00 a.m. ET and 3:00 p.m. SAST

October 17, 2023 | finance.yahoo.com

MiX Telematics Limited (MIXT) Soars 6.4%: Is Further Upside Left in the Stock?

October 16, 2023 | stockhouse.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MIXT, PXD

October 11, 2023 | markets.businessinsider.com

MiX Telematics: A Strategic Merger with Powerfleet Promises Growth and Value – An Analysis by Matthew Pfau

October 10, 2023 | benzinga.com

MIXT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of MiX Telematics Limited Is Fair to Shareholders

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Company Calendar

Last Earnings: 5/26/2016
Ex-Dividend for 12/14 Dividend: 11/30/2023
Dividend Payable: 12/14/2023
Today: 2/12/2024
Ex-Dividend for 3/7 Dividend: 2/22/2024
Dividend Payable: 3/07/2024
Fiscal Year End: 3/31/2024
Next Earnings (Estimated): 5/23/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:MIXT
CUSIP: N/A
CIK: 1576914
Web: www.mixtelematics.co.za
Phone: (877) 585-1088
Fax: 27-11-654-8286
Employees: 1,124
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.00
High Stock Price Target: $8.00
Low Stock Price Target: $8.00
Potential Upside/Downside: -16.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.25
Trailing P/E Ratio: 38.36
Forward P/E Ratio: 23.98
P/E Growth: N/A
Net Income: $4.52 million
Net Margins: 3.72%
Pretax Margin: 8.86%
Return on Equity: 8.47%
Return on Assets: 5.15%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.23
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $150.06 million
Price / Sales: 1.55
Cash Flow: $1.14 per share
Price / Cash Flow: 8.38
Book Value: $4.47 per share
Price / Book: 2.15

Miscellaneous

Outstanding Shares: 24,313,000
Free Float: 21,298,000
Market Cap: $233.16 million
Optionable: Optionable
Beta: 1.16

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Key Executives

Mr. Stefan Brian Joselowitz (Age 65)
President, CEO & Executive Director
Comp: $787.11k
Mr. Paul M. Dell (Age 42)
Executive VP, CFO & Executive Director
Comp: $418.36k
Mr. Charles W. R. Tasker (Age 60)
COO & Executive Director
Comp: $600.5k
Ms. Catherine Joy Lewis (Age 49)
Executive VP of Technology & MD of Central Services Organisation
Comp: $263.37k
Mr. Gert Pretorius (Age 56)
Executive VP of Africa & MD of MiX Africa
Comp: $371k
Mr. Jonathan Bates (Age 41)
Executive Vice President of Marketing
Mr. Steve Blackhart
Executive Vice President of Corporate Development
Ms. Cheryl Cochrane
Vice President of Human Resources
Mr. Luiz Munhoz
Managing Director Mix Latam
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 Analysis - Frequently Asked Questions

Should I buy or sell MiX Telematics stock right now?: 1 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 for the stock. The consensus among Wall Street research analysts is that investors should "buy" MIXT shares.
View MIXT analyst ratings or view top-rated stocks.
What is MiX Telematics' stock price target for 2024?: 1 Wall Street research analysts have issued 12-month price targets for MiX Telematics' shares. Their MIXT share price targets range from $8.00 to $8.00. On average, they expect the company's share price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 16.6%.
View analysts price targets for MIXT or view top-rated stocks among Wall Street analysts.
How have MIXT shares performed in 2024?: MiX Telematics' stock was trading at $8.61 at the beginning of the year. Since then, MIXT stock has increased by 11.4% and is now trading at $9.59.
View the best growth stocks for 2024 here.
Are investors shorting MiX Telematics?: MiX Telematics saw a increase in short interest in January. As of January 15th, there was short interest totaling 23,300 shares, an increase of 27.3% from the December 31st total of 18,300 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 0.3 days. Currently, 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 23rd 2024.
View our MIXT earnings forecast.
How were MiX Telematics' earnings last quarter?: MiX Telematics Limited (NYSE:MIXT) announced its earnings results on Thursday, May, 26th. The technology company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The technology company had revenue of $25.90 million for the quarter, compared to analyst estimates of $23.98 million. MiX Telematics had a trailing twelve-month return on equity of 8.47% and a net margin of 3.72%.

How often does MiX Telematics pay dividends? What is the dividend yield for MiX Telematics?: MiX Telematics announced a quarterly dividend on Friday, February 2nd. Investors of record on Friday, February 23rd will be paid a dividend of $0.0603 per share on Thursday, March 7th. This represents a $0.24 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, February 22nd.
Read our dividend analysis for MIXT.
Is MiX Telematics a good dividend stock?: MiX Telematics (NYSE:MIXT) pays an annual dividend of $0.18 per share and currently has a dividend yield of 1.87%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 72.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MIXT will have a dividend payout ratio of 30.51% 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).
Who are MiX Telematics' major shareholders?: MiX Telematics' stock is owned by many different institutional and retail investors. Top institutional investors include Kopion Asset Management LLC (4.22%), Pinnacle Associates Ltd. (0.41%), Dimensional Fund Advisors LP (0.40%), FNY Investment Advisers LLC (0.02%) and Concourse Financial Group Securities Inc. (0.00%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MIXT) was last updated on 2/12/2024 by MarketBeat.com Staff

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