How to buy MiX Telematics stock

MiX Telematics Limited is a software-application business based in the US. MiX Telematics shares (MIXT) are listed on the NYSE and all prices are listed in US Dollars. MiX Telematics employs 1,035 staff and has a trailing 12-month revenue of around 0.00.

MiX Telematics share price

Use our graph to track the performance of MIXT stocks over time.

MiX Telematics shares at a glance

• Key figures

Information last updated 2021-04-22.

52-week range	$7.62 - $14.93
50-day moving average	$13.71
200-day moving average	$12.02
Wall St. target price	$18.65
PE ratio	30.5647
Dividend yield	$0.017 (0.13%)
Earnings per share (TTM)	$0.43

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Is it a good time to buy MiX Telematics stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of MiX Telematics Limited by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is MiX Telematics under- or over-valued?

Valuing MiX Telematics stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MiX Telematics's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

MiX Telematics's P/E ratio

MiX Telematics's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, MiX Telematics shares trade at around 31x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

MiX Telematics's PEG ratio

MiX Telematics's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8076. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into MiX Telematics's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

MiX Telematics's EBITDA

MiX Telematics's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $35.1 million.

The EBITDA is a measure of a MiX Telematics's overall financial performance and is widely used to measure a its profitability.

MiX Telematics financials

Revenue TTM	$128.8 million
Operating margin TTM	13.24%
Gross profit TTM	$92.6 million
Return on assets TTM	6.02%
Return on equity TTM	7.59%
Profit margin	7.27%
Book value	$5.58
Market capitalisation	$282.5 million

TTM: trailing 12 months

Shorting MiX Telematics shares

There are currently 81,058 MiX Telematics shares held short by investors – that's known as MiX Telematics's "short interest". This figure is 8.2% down from 88,324 last month.

There are a few different ways that this level of interest in shorting MiX Telematics shares can be evaluated.

MiX Telematics's "short interest ratio" (SIR)

MiX Telematics's "short interest ratio" (SIR) is the quantity of MiX Telematics shares currently shorted divided by the average quantity of MiX Telematics shares traded daily (recently around 33495.041322314). MiX Telematics's SIR currently stands at 2.42. In other words for every 100,000 MiX Telematics shares traded daily on the market, roughly 2420 shares are currently held short.

However MiX Telematics's short interest can also be evaluated against the total number of MiX Telematics shares, or, against the total number of tradable MiX Telematics shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case MiX Telematics's short interest could be expressed as 0% of the outstanding shares (for every 100,000 MiX Telematics shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable MiX Telematics shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against MiX Telematics.

Find out more about how you can short MiX Telematics stock.

MiX Telematics share dividends

Dividend payout ratio: 60.79% of net profits

Recently MiX Telematics has paid out, on average, around 60.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.88% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MiX Telematics shareholders could enjoy a 1.88% return on their shares, in the form of dividend payments. In MiX Telematics's case, that would currently equate to about $0.017 per share.

MiX Telematics's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

MiX Telematics's most recent dividend payout was on 3 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 17 February 2021 (the "ex-dividend date").

MiX Telematics share price volatility

Over the last 12 months, MiX Telematics's shares have ranged in value from as little as $7.6187 up to $14.9327. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while MiX Telematics's is 0.1722. This would suggest that MiX Telematics's shares are less volatile than average (for this exchange).

MiX Telematics overview

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager used to track hardware products and other assets. It also provides consumer solutions, including Matrix that provides vehicle tracking, telematics, and personal safety services; and Beame, a wireless device, which offers vehicle recovery services. In addition, the company provides value added services comprising driver communication, collision prevention and reduction, satellite communication, track and react bureau, driver performance management, driving monitoring, field services management, driver engagement, fuel management and security solutions, and driver identification solutions, as well as voice kits and keypads, and in-vehicle cameras. It delivers fleet and mobile asset management solutions as SaaS to 818,487 subscribers in South Africa, the Americas, the Middle East, Australia, Europe, and Brazil. The company was founded in 1996 and is based in Boca Raton, Florida. .

Frequently asked questions

• What percentage of MiX Telematics is owned by insiders or institutions?

  Currently 2.361% of MiX Telematics shares are held by insiders and 34.842% by institutions.

• How many people work for MiX Telematics?

  Latest data suggests 1,035 work at MiX Telematics.

• When does the fiscal year end for MiX Telematics?

  MiX Telematics's fiscal year ends in March.

• Where is MiX Telematics based?

  MiX Telematics's address is: 750 Park of Commerce Boulevard, Boca Raton, FL, United States, 33487

• What is MiX Telematics's ISIN number?

  MiX Telematics's international securities identification number is: US60688N1028

• What is MiX Telematics's CUSIP number?

  MiX Telematics's Committee on Uniform Securities Identification Procedures number is: 60688N102