Stock To Watch: MiX Telematics Limited (NYSE:MIXT)


The leading market experts have placed a mean price target of $7.50 on MiX Telematics Limited (NYSE:MIXT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.04 a share for the upcoming quarter and $0.13 for the current fiscal.

Technical View

The technical analysis of MiX Telematics Limited American plainly substantiates that the 50-day moving average of MiX Telematics Limited American is $4.99, and stock is trading $0.52 points away or +10.45% from its 50-day moving average of $4.99. Further it is trading $1.17 or +27.10% away its 200-day moving average of $4.34. MiX Telematics Limited (NYSE:MIXT) 52-week high is $7.07 and the 52-week low is $3.33.

This explains if the stock moves $-1.56, it will post a 52-week high. In event of +65.47% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of MiX Telematics Limited American, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, MiX Telematics Limited (NYSE:MIXT) ratio came in at 12.96.

The stock last ended the trading session at $5.51 and registered a market cap of $168.18M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. MiX Telematics Limited (NYSE:MIXT) PEG ratio is at 1.64.

1 Chart Pattern Every Investor Should Know

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