At the time of writing, Mitek Systems Inc [MITK] stock is trading at $8.99, up 0.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The MITK shares have gain 7.15% over the last week, with a monthly amount glided 6.14%, 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 September 04, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $9.50 from $17. Previously, Craig Hallum started tracking the stock with Buy rating on December 14, 2023, and set its price target to $17. H.C. Wainwright initiated its recommendation with a Buy and recommended $27 as its price target on August 12, 2021. Jefferies started tracking with a Buy rating for this stock on April 16, 2021, and assigned it a price target of $20. In a note dated January 22, 2021, Maxim Group initiated an Buy rating and provided a target price of $25 on this stock.
For the past year, the stock price of Mitek Systems Inc fluctuated between $7.35 and $16.24. Currently, Wall Street analysts expect the stock to reach $14.13 within the next 12 months. Mitek Systems Inc [NASDAQ: MITK] shares were valued at $8.99 at the most recent close of the market. An investor can expect a potential return of 57.17% based on the average MITK price forecast.
Analyzing the MITK fundamentals
According to Mitek Systems Inc [NASDAQ:MITK], the company’s sales were 166.52M for trailing twelve months, which represents an 4.43% jump. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 8.89 points at the first support level, and at 8.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.11, and for the 2nd resistance point, it is at 9.24.
Ratios To Look Out For
It is important to note that Mitek Systems Inc [NASDAQ:MITK] has a current ratio of 4.46. On the other hand, the Quick Ratio is 4.46, and the Cash Ratio is 1.92. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 1.98.
Transactions by insiders
Recent insider trading involved CARNECCHIA SCIPIO MAXIMUS, Officer, that happened on Jul 29 ’24 when 100000.0 shares were purchased. SVP Identity, Briggs Christopher H completed a deal on Jun 14 ’24 to sell 24000.0 shares. Meanwhile, Director Wells Donna sold 16839.0 shares on Jun 07 ’24.
