Is This Stock a Screaming Buy: MiX Telematics Limited (NYSE:MIXT)

Equity Research firms currently have a positive stance on shares of MiX Telematics Limited (NYSE:MIXT). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $7.25 on a short term basis.

At the time of writing, the stock was trading at $6.63. This represents a change from the opening price of 3.59%. In terms of performance, year to date, the stock is 55.67%. The monthly stock performance comes in at 18.01%. For the quarter, shares are performing at 32.50%. Weekly performance analysis shows the equity at 2.23%.

In taking a look at technical levels, shares are trading 19.23% away from the 50 day simple moving average and 46.75% away from the 200 day simple moving average. Based on a recent bid, the stock is trading 2.47% away from it’s 52- week high and 103.73% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, MiX Telematics Limited’s RSI stands at 77.43. In looking at volatility levels, the shares saw weekly volatility of 4.38% and 3.52% over the past month.

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