Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate MiX Telematics Ltd - ADR before investing.

In this article, we go over a few key elements for understanding MiX Telematics Ltd - ADR’s stock price such as:

• MiX Telematics Ltd - ADR’s current stock price and volume
• Why MiX Telematics Ltd - ADR’s stock price changed recently
• Upgrades and downgrades for MIXT from analysts
• MIXT’s stock price momentum as measured by its relative strength

About MiX Telematics Ltd - ADR (MIXT)

Before we jump into MiX Telematics Ltd - ADR’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

MiX Telematics Limited is a provider of connected fleet and mobile asset solutions delivered as software-as-a-service (SaaS). Its segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization (CSO). It offers a range of solutions to address the needs of diverse customer segments. Its subscription-based offerings include MiX Fleet Manager, MiX Asset Manager, Matrix and Beam-e. MiX Fleet Manager is its premier commercial fleet management solution. Its fleet management systems provide a variety of complex data pertaining to driver behavior and the location, status and operational activity of vehicles and fleets. MiX Fleet Manager is an interactive, Web-based application providing secure access to this complex data. MiX Asset Manager includes a portfolio of asset tracking products, including third-party hardware products and products. Its Matrix suite of mobile asset management solutions is designed for entry-level fleets and consumers.

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MiX Telematics Ltd - ADR’s Stock Price as of Market Close

As of March 19, 2024, 4:00 PM, CST, MiX Telematics Ltd - ADR’s stock price was $12.70.

MiX Telematics Ltd - ADR is up 4.18% from its previous closing price of $12.19.

During the last market session, MiX Telematics Ltd - ADR’s stock traded between $11.30 and $12.39. Currently, there are 22.16 million shares of MiX Telematics Ltd - ADR stock available for purchase.

MiX Telematics Ltd - ADR’s price-earnings (P/E) ratio is currently at 48.5, which is low compared to the Software industry median of 49.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

MiX Telematics Ltd - ADR Stock Price History

MiX Telematics Ltd - ADR’s (MIXT) price is currently up 32.85% so far this month.

During the month of March, MiX Telematics Ltd - ADR’s stock price has reached a high of $12.83 and a low of $9.09.

Over the last year, MiX Telematics Ltd - ADR has hit prices as high as $12.39 and as low as $4.75. Year to date, MiX Telematics Ltd - ADR’s stock is up 80.65%.

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What Caused MiX Telematics Ltd - ADR Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 18, 2024, there were 0 analysts who downgraded MiX Telematics Ltd - ADR’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate MiX Telematics Ltd - ADR’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on MiX Telematics Ltd - ADR’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

MiX Telematics Ltd - ADR’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about MiX Telematics Ltd - ADR (MIXT) by visiting AAII Stock Evaluator.

Relative Price Strength of MiX Telematics Ltd - ADR

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 18, 2024, MiX Telematics Ltd - ADR has a weighted four-quarter relative price strength of 15.16%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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MiX Telematics Ltd - ADR Stock Price: Bottom Line

As of March 19, 2024, MiX Telematics Ltd - ADR’s stock price is $12.70, which is up 4.18% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like MiX Telematics Ltd - ADR stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.