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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$8.64
Volume662.89K
Average Volume (3M)628.16K
Market Cap
$398.28M
Enterprise Value$419.89M
Total Cash (Recent Filing)$123.07M
Total Debt (Recent Filing)$144.68M
Price to Earnings (P/E)―
Beta1.09
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. Volume455,371
30 Day Avg. Volume628,163
Standard Deviation0.14
R-Squared0.16
Alpha-0.00562
Financial Highlights & Ratios
Price to Book (P/B)1.90
Price to Sales (P/S)2.39
Price to Cash Flow (P/CF)7.70
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.52
Enterprise Value/Gross Profit2.81
Enterprise Value/Ebitda21.46
Forecast
1Y Price Target
$11.17Price Target Upside20.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Mitek Systems News
PremiumCompany Announcements
Mitek Systems Strengthens Leadership with Key Appointments
PremiumCompany Announcements
Mitek Systems Welcomes Edward West as New CEO and Board Member
Bulls Say, Bears Say
Bulls Say
LeadershipEd West, with a strong track record in leading public and private businesses, has been appointed as the new chief executive officer of Mitek, which could bring strategic insights and drive growth for the company.
Product DemandMitek’s mobile deposit business is experiencing solid demand, highlighted by an 18% growth within a quarter, indicating robust consumer interest and adoption.
ValuationMitek shares are trading at a valuation significantly below its mature-state software peers, suggesting potential upside if the company aligns with industry performance.
Bears Say
Business Segment ChallengesThe decline is driven by challenges within the company’s Identity segment, which saw multiple large deals pushed into 2025 or exit the pipeline entirely.
Leadership And StrategyEmergent growth challenges are unlikely to dissipate anytime soon, and not having a permanent CEO adds to questions around strategy and execution.
Revenue And Financial PerformanceRevenue growth materially surprised to the downside, declining -14% y/y.
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Ownership Overview
3.97% Insiders
15.89% Mutual Funds
3.28% Other Institutional Investors
54.70% 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 83 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 (20.24% Upside)
$11.17 (20.24% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 88%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 341.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-19.47%
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
▲(20.24% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
9/19 ratings generated profit
1 Year Average Return
+7.51%
reiterated a buy rating 3 months ago
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 +7.51% per trade.
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