MiX Telematics Ltd ADR (NYSE: MIXT) stock jumped 6.24% on Friday to $5.79 against a previous-day closing price of $5.45. With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 51280.0 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.95 whereas the lowest price it dropped to was $5.50. The 52-week range on MIXT shows that it touched its highest point at $9.17 and its lowest point at $4.75 during that stretch. It currently has a 1-year price target of $8.00. With its current market cap of 128.31 million, MIXT has annualized dividend of $0.18 while the current yield stands at 3.03%. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MIXT was up-trending over the past week, with a rise of 13.53%, but this was up by 3.58% over a month. Three-month performance dropped to -12.41% while six-month performance fell -19.92%. The stock lost -28.69% in the past year, while it has lost -17.64% so far this year. A look at the trailing 12-month EPS for MIXT yields 0.31 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.12. This implies an EPS growth rate of 85.00% for this year and 60.81% for next year. EPS is expected to grow by 1.76% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.44%.
Float and Shares Shorts:
At present, 22.20 million MIXT shares are outstanding with a float of 22.16 million shares on hand for trading. On Oct 30, 2023, short shares totaled 22010.0, which was 0.10% higher than short shares on Sep 28, 2023. In addition to Mr. Stefan Brian Joselowitz as the firm’s President, CEO & Executive Director, Mr. Paul M. Dell serves as its Executive VP, CFO & Executive Director.
Through their ownership of 44.28% of MIXT’s outstanding shares, institutional investors have minority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MIXT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MIXT analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, MIXT could surge 38.17% to reach the target high and rise by 38.17% to reach the target low. Reaching the average price target will result in a growth of 38.17% from current levels.