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Mitek Systems Inc (MITK)
NASDAQ:MITK
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MITK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.35 - $16.24
Previous Close$8.55
Volume580.08K
Average Volume (3M)628.14K
Market Cap
$395.04M
Enterprise Value$416.65M
Total Cash (Recent Filing)$123.07M
Total Debt (Recent Filing)$144.68M
Price to Earnings (P/E)―
Beta1.11
Next Earnings
Jan 29, 2025EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.15
Shares Outstanding46,203,821
10 Day Avg. Volume577,870
30 Day Avg. Volume628,136
Standard Deviation0.14
R-Squared0.16
Alpha-0.00565
Financial Highlights & Ratios
Price to Book (P/B)1.98
Price to Sales (P/S)2.37
Price to Cash Flow (P/CF)7.60
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit2.79
Enterprise Value/Ebitda21.29
Forecast
1Y Price Target
$11.17Price Target Upside24.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Mitek Systems News
Bulls Say, Bears Say
Bulls Say
Check Fraud Defender SolutionMitek continues to gain nice traction with its new Check Fraud Defender solution as this product now has more than 40 customers and Mitek recently landed a top 5 bank as a customer.
Mobile Deposit BusinessMitek’s mobile deposit business continues to see solid demand trends as this business grew 18% during the quarter.
Share Repurchase ProgramThe company has been utilizing its share repurchase program, buying $16.0M of company shares since the program was instituted.
Bears Say
Financial GuidanceThe company meaningfully reduced its full year revenue guidance to $169.0M to $173.0M from $180.0M to $185.0M.
LeadershipNot having a permanent CEO adds to questions around strategy and execution.
RevenueRevenue growth materially surprised to the downside, declining -14% y/y.
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Ownership Overview
20.02% Insiders
16.94% Mutual Funds
51.85% Other Institutional Investors
11.20% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MITK FAQ
What was Mitek Systems Inc’s price range in the past 12 months?
Mitek Systems Inc lowest stock price was $7.35 and its highest was $16.24 in the past 12 months.
What is Mitek Systems Inc’s market cap?
Currently, no data Available
When is Mitek Systems Inc’s upcoming earnings report date?
Mitek Systems Inc’s upcoming earnings report date is Jan 29, 2025 which is in 130 days.
How were Mitek Systems Inc’s earnings last quarter?
Mitek Systems Inc released its earnings results on Aug 08, 2024. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by -$0.01.
Is Mitek Systems Inc overvalued?
According to Wall Street analysts Mitek Systems Inc’s price is currently Undervalued.
Does Mitek Systems Inc pay dividends?
Mitek Systems Inc does not currently pay dividends.
What is Mitek Systems Inc’s EPS estimate?
Mitek Systems Inc’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Mitek Systems Inc have?
Mitek Systems Inc has 46,203,820 shares outstanding.
What happened to Mitek Systems Inc’s price movement after its last earnings report?
Mitek Systems Inc reported an EPS of $0.25 in its last earnings report, missing expectations of $0.26. Following the earnings report the stock price went down -25.421%.
Which hedge fund is a major shareholder of Mitek Systems Inc?
Among the largest hedge funds holding Mitek Systems Inc’s share is Blue Grotto Capital, Llc. It holds Mitek Systems Inc’s shares valued at 35M.
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Mitek Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$11.17 (24.39% Upside)
$11.17 (24.39% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 90%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 341.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 5.7%
Last 30 Days ▼ 5.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-26.16%
12-Months-Change
Fundamentals
Return on Equity
-3.23%
Trailing 12-Months
Asset Growth
-1.98%
Trailing 12-Months
Company Description
Mitek Systems Inc
Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded on December 16, 1983 and is headquartered in San Diego, CA.
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MITK Earnings Call
Q3 2024
0:00 / 0:00
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MITK Stock 12 Month Forecast
Average Price Target
$11.17
▲(24.39% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
9/19 ratings generated profit
1 Year Average Return
+7.13%
reiterated a buy rating last month
Copying Michael Grondahl's trades and holding each position for 1 Year would result in 47.37% of your transactions generating a profit, with an average return of +7.13% per trade.
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