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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$11.43
Volume1.21M
Average Volume (3M)586.71K
Market Cap
$513.41M
Enterprise Value$531.70M
Total Cash (Recent Filing)$130.34M
Total Debt (Recent Filing)$148.64M
Price to Earnings (P/E)164.9
Beta1.08
Next Earnings
Jan 29, 2025EPS Estimate
$0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.07
Shares Outstanding44,917,357
10 Day Avg. Volume1,185,953
30 Day Avg. Volume586,710
Standard Deviation0.13
R-Squared0.19
Alpha-0.00087
Financial Highlights & Ratios
Price to Book (P/B)2.39
Price to Sales (P/S)2.98
Price to Cash Flow (P/CF)6.10
P/FCF Ratio6.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.09
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda18.87
Forecast
1Y Price Target
$12.70Price Target Upside11.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Mitek Systems News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMitek reported solid fourth-quarter results that outperformed consensus estimates on most key metrics.
Growth PotentialThe business is positioned for potential large revenue opportunities in the identity segment.
Strategic InitiativesThe company plans significant operational improvements, including increased automation, which should lead to profitable growth.
Bears Say
Financial PerformanceFY24 adjusted EBITDA was down 2% y/y, indicating challenges despite positive quarterly results.
Growth ChallengesManagement expects growth headwinds in fiscal 2025 due to the timing of deals that will be offset by continued growth in Check Fraud Defender.
Operational RisksRisks to the stock include additional patent dispute rulings in favor of USAA, continued execution issues in the company’s ID Verification segment, and an accelerated decline in check usage.
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Ownership Overview
3.17% Insiders
15.65% Mutual Funds
27.80% Other Institutional Investors
30.39% 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 38 days.
How were Mitek Systems Inc’s earnings last quarter?
Mitek Systems Inc released its earnings results on Dec 16, 2024. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.172 by $0.158.
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 is $0.13.
How many shares outstanding does Mitek Systems Inc have?
Mitek Systems Inc has 44,917,360 shares outstanding.
What happened to Mitek Systems Inc’s price movement after its last earnings report?
Mitek Systems Inc reported an EPS of $0.33 in its last earnings report, beating expectations of $0.172. Following the earnings report the stock price went up 15.174%.
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 18M.
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Mitek Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$12.70 (11.11% Upside)
$12.70 (11.11% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 88%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 907.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $152.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 8.8%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.14%
12-Months-Change
Fundamentals
Return on Equity
1.56%
Trailing 12-Months
Asset Growth
2.07%
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
Q4 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. There was significant progress in Q4 revenue growth, MiVIP platform adoption, and Check Fraud Defender's success. However, identity products revenue stagnation, pricing pressure, and challenges from executive turnover were notable lowlights. Overall, the sentiment reflects optimism due to recent growth and strategic plans but acknowledges past and ongoing challenges.Read More>---
MITK Stock 12 Month Forecast
Average Price Target
$12.70
▲(11.11% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
10/18 ratings generated profit
1 Year Average Return
+12.59%
reiterated a buy rating 5 days ago
Copying Michael Grondahl's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +12.59% per trade.
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