Disciplined Growth Investors, Inc recently announced the acquisition of new stake in MiX Telematics Limited (NYSE:MIXT). The institutional investor has increased its shareholding in the Technology company by 0.08% to 2.42 million shares with purchase of 1914.0 shares. This fresh investment now brings its stake to 9.97% valued currently at $17.02 million. In addition, Wellington Management Co. LLP raised its holdings by 0.44 million to 1.66 million shares. And Edenbrook Capital LLC has lifted its position by 4.42% or 53524.0 shares – to 1.26 million shares.
With over 0.13 million MiX Telematics Limited (MIXT) shares trading Monday and a closing price of $7.54 on the day, the dollar volume was approximately $0.99 million. The shares have shown a negative half year performance of -5.87% and its price on 01/23/23 gained nearly 5.31%. Currently, there are 22.09M common shares owned by the public and among those 11.65M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for MIXT have a consensus price objective of $10.00. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $10.00. The average price target is 24.6% above its recent price level and an upside to the estimated low will see the stock gain 24.6% over that period. But an upside of 24.6% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
The top 3 mutual fund holders in MiX Telematics Limited are DIM Funds SICAV SA – PV Buyback U, DFA Emerging Markets Core Equity, and Acuitas US Micro Cap Fund. DIM Funds SICAV SA – PV Buyback U owns 52200.0 shares of the company’s stock, all valued at over $0.37 million. Acuitas US Micro Cap Fund bought 3509.0 shares to bring its total holdings to over 29375.0 shares at a value of $0.21 million. Acuitas US Micro Cap Fund now owns shares totaling to 0.12% of the shares outstanding.
Shares of MiX Telematics Limited (NYSE: MIXT) opened at $7.06, down -$0.1 from a prior closing price of $7.16. However, the script later moved the day high at 7.60, up 5.31%. The company’s stock has a 5-day price change of 0.67% and -2.08% over the past three months. MIXT shares are trading 7.25% year to date (YTD), with the 12-month market performance down to -34.38% lower. It has a 12-month low price of $6.75 and touched a high of $12.77 over the same period. MIXT has an average intraday trading volume of 34.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.90%, -0.69%, and -10.97% respectively.
Institutional ownership of MiX Telematics Limited (NYSE: MIXT) shares accounts for 38.60% of the company’s 22.09M shares outstanding. Mutual fund holders own 1.38%, while other institutional holders and individual stakeholders account for 33.47% and — respectively.
It has a market capitalization of $183.15M and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 47.12, while the earnings-per-share (ttm) stands at $0.16. The company has a PEG of 26.78 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.13% over the week and 4.03% over the month.
Analysts forecast that MiX Telematics Limited (MIXT) will achieve an EPS of $0 for the current quarter, $0.13 for the next quarter and $0.5 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -40.30%, and 192.90% over the next financial year. EPS should grow at an annualized rate of 1.76% over the next five years, compared to -39.30% over the past 5-year period.
Looking at the support for the MIXT, a number of firms have released research notes about the stock. First Analysis Sec stated their Outperform rating for the stock in a research note on March 09, 2020, with the firm’s price target at $21-$19. Oppenheimer was of a view on January 12, 2017 that the stock is Perform, while First Analysis Sec gave the stock Overweight rating on May 27, 2016, issuing a price target of $7. Midtown Partners on their part issued Strong Buy rating on June 19, 2014.