Home  »  Industry   »  Mitek Systems Inc. (MITK) Stock Could Soon Reward ...

Mitek Systems Inc. (MITK) Stock Could Soon Reward Patient Investors

Mitek Systems Inc. (NASDAQ: MITK) is -47.04% lower on its value in year-to-date trading and has touched a low of $8.32 and a high of $23.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MITK stock was last observed hovering at around $8.90 in the last trading session, with the day’s gains setting it 0.5%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Currently trading at $9.40, the stock is 2.46% and 0.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 5.62% at the moment leaves the stock -34.99% off its SMA200. MITK registered -48.97% loss for a year compared to 6-month loss of -43.81%. The firm has a 50-day simple moving average (SMA 50) of $9.29 and a 200-day simple moving average (SMA200) of $14.42.

The stock witnessed a 7.55% gain in the last 1 month and extending the period to 3 months gives it a -31.14%, and is -4.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.47% over the week and 4.46% over the month.

Mitek Systems Inc. (MITK) has around 435 employees, a market worth around $394.71M and $132.20M in sales. Current P/E ratio is 43.93 and Fwd P/E is 9.20. Profit margin for the company is 7.40%. Distance from 52-week low is 12.97% and -59.64% from its 52-week high. The company has generated returns on investments over the last 12 months (4.00%).

Mitek Systems Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to shrink by -3.70% this year.

Mitek Systems Inc. (MITK) Top Institutional Holders

The shares outstanding are 44.77M, and float is at 42.90M with Short Float at 7.58%.

Mitek Systems Inc. (MITK) Insider Activity

A total of 17 insider transactions have happened at Mitek Systems Inc. (MITK) in the last six months, with sales accounting for 5 and purchases happening 12 times. The most recent transaction is an insider sale by Diamond Michael E,the company’sGeneral Manager. SEC filings show that Diamond Michael E sold 572 shares of the company’s common stock on Mar 25 at a price of $14.22 per share for a total of $8134.0. Following the sale, the insider now owns 0.21 million shares.

Mitek Systems Inc. disclosed in a document filed with the SEC on Mar 22 that Diamond Michael E (General Manager) sold a total of 3,696 shares of the company’s common stock. The trade occurred on Mar 22 and was made at $14.20 per share for $52483.0. Following the transaction, the insider now directly holds 0.21 million shares of the MITK stock.

Still, SEC filings show that on Mar 22, Gray Jason (GC, Secretary & Admin Officer) disposed off 3,589 shares at an average price of $14.20 for $50964.0. The insider now directly holds 118,921 shares of Mitek Systems Inc. (MITK).

Mitek Systems Inc. (MITK): Who are the competitors?

The company’s main competitors (and peers) include Fair Isaac Corporation (FICO) that is trading -17.53% down over the past 12 months and Jack Henry & Associates Inc. (JKHY) that is 11.33% higher over the same period. NCR Corporation (NCR) is -36.08% down on the 1-year trading charts. Short interest in the company’s stock has risen 1.91% from the last report on Apr 28, 2022 to stand at a total of 3.08 million short shares sold with a short interest ratio of 6.72.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

111365

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.