On 3/13/24, MiX Telematics Ltd (NYSE: MIXT) stock enjoyed a major increase of 12.8%, closing at $11.02. Moreover, trading volume in this advance was exceptionally high at 536% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.7% during the last week.
Current PriceTarget Research Rating
MIXT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
MiX Telematics has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MiX Telematics has a poor Appreciation Score of 25 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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