A share price of Mitek Systems Inc [MITK] is currently trading at $14.83, up 1.37%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MITK shares have gain 1.92% over the last week, with a monthly amount glided 24.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mitek Systems Inc [NASDAQ: MITK] stock has seen the most recent analyst activity on December 14, 2023, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $17. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $27 on August 12, 2021. Jefferies initiated its recommendation with a Buy and recommended $20 as its price target on April 16, 2021. Maxim Group started tracking with a Buy rating for this stock on January 22, 2021, and assigned it a price target of $25. In a note dated May 01, 2020, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $9 to $12.
Mitek Systems Inc experienced fluctuations in its stock price throughout the past year between $8.77 and $14.99. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Mitek Systems Inc [NASDAQ: MITK] shares were valued at $14.83 at the most recent close of the market. An investor can expect a potential return of 28.12% based on the average MITK price forecast.
Analyzing the MITK fundamentals
Trailing Twelve Months sales for Mitek Systems Inc [NASDAQ:MITK] were 172.55M which represents -2.86% decline. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.32 points at the first support level, and at 13.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.79, and for the 2nd resistance point, it is at 16.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mitek Systems Inc [NASDAQ:MITK] is 3.69. In addition, the Quick Ratio stands at 3.69 and the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 4.02, the price to book ratio is 3.30 and price to earnings (TTM) ratio is 84.31.
Transactions by insiders
Recent insider trading involved CARNECCHIA SCIPIO MAXIMUS, Chief Executive Officer, that happened on Dec 07 ’23 when 56113.0 shares were sold. General Manager, Diamond Michael E completed a deal on Dec 07 ’23 to sell 7242.0 shares. Meanwhile, SVP Identity Briggs Christopher H sold 2287.0 shares on Dec 07 ’23.
