MiX Telematics (MIXT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.55 to $14.55
• 50-Day Range: $14.55 to $14.55
• 52-Week Range: $4.75 to $14.85
• Volume: N/A
• Average Volume: 133,090 shs
• Market Capitalization: $353.75 million
• P/E Ratio: 58.20
• Dividend Yield: 1.24%
• Price Target: $12.00
• Consensus Rating: Buy

MiX Telematics Stock Analysis - MarketRank™

MiX Telematics scored higher than 47% of companies evaluated by MarketBeat, and ranked 418th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

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.

Amount of Analyst Coverage

MiX Telematics has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 50.00%

Earnings Growth

Earnings for MiX Telematics are expected to grow by 50.00% in the coming year, from $0.40 to $0.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MiX Telematics is 58.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of MiX Telematics is 58.20, 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 238.11.

Price to Book Value per Share Ratio

MiX Telematics has a P/B Ratio of 3.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MIXT.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

MiX Telematics pays a meaningful dividend of 1.28%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MiX Telematics does not have a long track record of dividend growth.

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 30.00% next year. This indicates that MiX Telematics will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MIXT.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

MiX Telematics has a news sentiment score of 0.30. 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 0.64 average news sentiment score of Computer and Technology companies.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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

45.72% of the stock of MiX Telematics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MIXT Stock Analysis - Frequently Asked Questions

How have MIXT shares performed this year?

MiX Telematics' stock was trading at $8.61 on January 1st, 2024. Since then, MIXT stock has increased by 69.0% and is now trading at $14.55.
View the best growth stocks for 2024 here.

How were MiX Telematics' earnings last quarter?

MiX Telematics Limited (NYSE:MIXT) issued its quarterly earnings data on Thursday, May, 26th. The technology company reported $0.06 earnings per share 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 the consensus estimate of $23.98 million. MiX Telematics had a net margin of 3.72% and a trailing twelve-month return on equity of 8.45%.

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.

What other stocks do shareholders of MiX Telematics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MiX Telematics investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Jabil (JBL), Advanced Micro Devices (AMD) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 5/26/2016
• Today: 12/21/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:MIXT
• CUSIP: N/A
• CIK: 1576914
• Web: www.mixtelematics.co.za
• Phone: (877) 585-1088
• Fax: 27-11-654-8286
• Employees: 1,080
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.00
• High Stock Price Target: $12.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -17.5%
• 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: 58.20
• Forward P/E Ratio: 36.38
• P/E Growth: N/A
• Net Income: $4.52 million
• Net Margins: 3.72%
• Pretax Margin: 8.26%
• Return on Equity: 8.45%
• Return on Assets: 5.11%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.22
• Quick Ratio: 1.13

Sales & Book Value

• Annual Sales: $150.06 million
• Price / Sales: 2.36
• Cash Flow: $1.14 per share
• Price / Cash Flow: 12.72
• Book Value: $4.47 per share
• Price / Book: 3.26

Miscellaneous

• Outstanding Shares: 24,313,000
• Free Float: 21,298,000
• Market Cap: $353.75 million
• Optionable: Optionable
• Beta: 1.15