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.
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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.
Institutional Ownership:
Through their ownership of 44.28% of MIXT’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
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.
