A share price of Mitek Systems Inc [MITK] is currently trading at $9.89, down -0.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MITK shares have gain 1.02% over the last week, with a monthly amount drifted -2.66%, and not seem to be holding up well over a long-time horizon.
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.
Mitek Systems Inc experienced fluctuations in its stock price throughout the past year between $7.35 and $16.24. Currently, Wall Street analysts expect the stock to reach $11.25 within the next 12 months. Mitek Systems Inc [NASDAQ: MITK] shares were valued at $9.89 at the most recent close of the market. An investor can expect a potential return of 13.75% based on the average MITK price forecast.
Analyzing the MITK fundamentals
Trailing Twelve Months sales for Mitek Systems Inc [NASDAQ:MITK] were 172.42M which represents 0.91% growth. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
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 9.76 points at the first support level, and at 9.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.04, and for the 2nd resistance point, it is at 10.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mitek Systems Inc [NASDAQ:MITK] is 4.59. As well, the Quick Ratio is 4.59, while the Cash Ratio is 2.35. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 107.03.
Transactions by insiders
Recent insider trading involved WEST EDWARD H, Chief Executive Officer, that happened on Feb 20 ’25 when 55000.0 shares were purchased. Director, Stevenson Kimberly S completed a deal on Feb 20 ’25 to buy 10000.0 shares. Meanwhile, General Manager Diamond Michael E sold 36398.0 shares on Feb 13 ’25.
