MiX Telematics Sets Second Quarter Fiscal Year 2024 Conference Call for November 8, 2023, at 800 a.m. ET and 300 p.m. SAST
| MIXTDelisted Stock | USD 6.88 0.31 4.72% |
Slightly above 55% of Mix Telemats' private investors are presently thinking to get in. The analysis of current outlook of investing in Mix Telemats suggests that some traders are interested regarding Mix Telemats' prospects. Mix Telemats' investing sentiment can be driven by a variety of factors including economic data, Mix Telemats' earnings reports, geopolitical events, and overall market trends.
Mix |
BOCA RATON, Fla., October 26, 2023--MiX Telematics Limited , a global SaaS leader of connected fleet management solutions, will hold a conference call on Wednesday, November 8, 2023, at 800 a.m. Eastern time and 300 p.m. South African time to discuss its financial results for the second quarter of fiscal year 2024, which ended September 30, 2023. The results will be reported in a press release prior to the conference call.
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Mix Telemats Fundamental Analysis
We analyze Mix Telemats' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mix Telemats using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mix Telemats based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
Mix Telemats is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Mix Telemats Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mix Telemats stock to make a market-neutral strategy. Peer analysis of Mix Telemats could also be used in its relative valuation, which is a method of valuing Mix Telemats by comparing valuation metrics with similar companies.
Peers
Mix Telemats Related Equities
| KARO | Karooooo | 6.16 | ||||
| ENFN | Enfusion | 2.00 | ||||
| ONTF | ON24 | 1.99 | ||||
| CWAN | Clearwater Analytics | 1.54 | ||||
| AGYS | Agilysys | 1.03 | ||||
| PRO | PROS Holdings | 1.00 | ||||
| ALKT | Alkami Technology | 0.51 | ||||
| PYCR | Paycor HCM | 0.17 | ||||
| MLNK | Meridianlink | 4.39 | ||||
| ADEA | ADEIA P | 8.05 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Consideration for investing in Mix Stock
If you are still planning to invest in Mix Telemats check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Mix Telemats' history and understand the potential risks before investing.
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