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How to buy MiX Telematics stock
Own MiX Telematics stock in just a few minutes.
Fact checked
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 USD$128.8 million.
How to buy shares in MiX Telematics
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for MiX Telematics. Find the stock by name or ticker symbol: MIXT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MiX Telematics reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of MiX Telematics, depending on your broker.
- Check in on your investment. Congratulations, you own a part of MiX Telematics. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
MiX Telematics share price
Use our graph to track the performance of MIXT stocks over time.MiX Telematics shares at a glance
Information last updated 2021-02-24.
| 52-week range | USD$6.4857 - USD$14.9327 |
|---|---|
| 50-day moving average | USD$13.8091 |
| 200-day moving average | USD$10.7032 |
| Wall St. target price | USD$18.45 |
| PE ratio | 33.7647 |
| Dividend yield | USD$0.017 (0.12%) |
| Earnings per share (TTM) | USD$0.425 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
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 34x. In other words, MiX Telematics shares trade at around 34x 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 USD$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 | USD$128.8 million |
|---|---|
| Operating margin TTM | 13.24% |
| Gross profit TTM | USD$92.6 million |
| Return on assets TTM | 6.02% |
| Return on equity TTM | 7.59% |
| Profit margin | 7.27% |
| Book value | $5.575 |
| Market capitalisation | USD$328.5 million |
TTM: trailing 12 months
Shorting MiX Telematics shares
There are currently 58,084 MiX Telematics shares held short by investors – that's known as MiX Telematics's "short interest". This figure is 47.8% up from 39,290 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 42089.855072464). MiX Telematics's SIR currently stands at 1.38. In other words for every 100,000 MiX Telematics shares traded daily on the market, roughly 1380 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: 60.35% of net profits
Recently MiX Telematics has paid out, on average, around 60.35% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.71% 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 1.71% 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 4 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 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 $6.4857 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 0.163. 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.
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