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Mitek Systems Inc (MITK)
NASDAQ:MITK
Mitek Systems (MITK) Stock Price & Analysis
799 Followers
MITK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.47 - $16.24
Previous Close$10.96
Volume644.14K
Average Volume (3M)646.99K
Market Cap
$512.83M
Enterprise Value$532.19M
Total Cash (Recent Filing)$123.93M
Total Debt (Recent Filing)$143.29M
Price to Earnings (P/E)―
Beta1.24
Next Earnings
Jul 25, 2024EPS Estimate
$0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.16
Shares Outstanding46,790,611
10 Day Avg. Volume647,404
30 Day Avg. Volume646,992
Standard Deviation0.13
R-Squared0.19
Alpha-0.00204
Financial Highlights & Ratios
Price to Book (P/B)17.47
Price to Sales (P/S)3.13
Price to Cash Flow (P/CF)19.10
P/FCF Ratio15.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.23
Enterprise Value/Gross Profit3.56
Enterprise Value/Ebitda43.95
Forecast
1Y Price Target
$19.25Price Target Upside75.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Mitek Systems News
PremiumCompany Announcements
Mitek Systems Board Reshuffle and Rescheduled Shareholder Meeting
PremiumCompany Announcements
Mitek Systems Announces CEO Transition and Share Buyback Plan
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMITK reported F2Q24 results that beat estimates and were at the top-end of guidance on revenue.
Growth ProspectsThe Mobile Identity Verification segment should benefit from growing fraud and Mitek's broad solutions.
Share Repurchase ProgramMITK initiated a 2-year share repurchase program for up to $50M.
Bears Say
Financial PerformanceRevenue was down 19% y/y and non-GAAP net income down 56% y/y, reflecting a tough comparison.
Leadership ChangesMITK announced it is terminating employment of CEO Max Carnecchia and that Chairman of the Board Scott Carter will serve as interim CEO.
Profit MarginsDespite higher revenue, an EBITDA loss of $2.5M was reported for the quarter, indicating challenges in profitability.
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Ownership Overview
19.54% Insiders
16.75% Mutual Funds
49.28% Other Institutional Investors
14.43% 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 $9.47 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 Jul 25, 2024 which is in 17 days.
How were Mitek Systems Inc’s earnings last quarter?
Mitek Systems Inc released its earnings results on May 13, 2024. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of N/A by $0.14.
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 $0.26.
How many shares outstanding does Mitek Systems Inc have?
Mitek Systems Inc has 46,790,610 shares outstanding.
What happened to Mitek Systems Inc’s price movement after its last earnings report?
Mitek Systems Inc reported an EPS of $0.14 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 6.058%.
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 40M.
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Mitek Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$19.25 (75.64% Upside)
$19.25 (75.64% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 91%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 583.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $476.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 6.0%
Last 30 Days ▼ 6.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-0.27%
12-Months-Change
Fundamentals
Return on Equity
-3.52%
Trailing 12-Months
Asset Growth
3.75%
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
Q2 2024
0:00 / 0:00
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MITK Stock 12 Month Forecast
Average Price Target
$19.25
▲(75.64% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
10/19 ratings generated profit
1 Year Average Return
+10.29%
reiterated a buy rating 2 months ago
Copying Michael Grondahl's trades and holding each position for 1 Year would result in 52.63% of your transactions generating a profit, with an average return of +10.29% per trade.
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