Mitek Systems Inc (NASDAQ: MITK) is -6.67% lower on its value in year-to-date trading and has touched a low of $8.77 and a high of $16.24 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 $13.39 in the last trading session, with the day’s loss setting it -1.22%.
Currently trading at $12.17, the stock is -11.81% and -4.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -9.11% at the moment leaves the stock 4.13% off its SMA200. MITK registered 32.14% gain for a year compared to 6-month gain of 14.81%.
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
The stock witnessed a -0.25% loss in the last 1 month and extending the period to 3 months gives it a 3.31%, and is -14.24% 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 8.11% over the week and 5.25% over the month.
Mitek Systems Inc (MITK) has around 590 employees, a market worth around $569.43M and $163.77M in sales. Fwd P/E is 10.47. Profit margin for the company is -1.52%. Distance from 52-week low is 38.69% and -25.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.70%).
The EPS is expected to grow by 8.51% this year
The shares outstanding are 45.59M, and float is at 45.31M with Short Float at 7.81%.
Mitek Systems Inc (MITK) Insider Activity
The most recent transaction is an insider sale by CARNECCHIA SCIPIO MAXIMUS, the company’s Chief Executive Officer. SEC filings show that CARNECCHIA SCIPIO MAXIMUS sold 56,113 shares of the company’s common stock on Dec 07 ’23 at a price of $10.86 per share for a total of $0.61 million. Following the sale, the insider now owns 0.5 million shares.
Mitek Systems Inc disclosed in a document filed with the SEC on Dec 07 ’23 that Diamond Michael E (General Manager) sold a total of 7,242 shares of the company’s common stock. The trade occurred on Dec 07 ’23 and was made at $10.86 per share for $78648.0. Following the transaction, the insider now directly holds 0.27 million shares of the MITK stock.
Still, SEC filings show that on Dec 07 ’23, Briggs Christopher H (SVP Identity) disposed off 2,287 shares at an average price of $10.86 for $24837.0. The insider now directly holds 92,673 shares of Mitek Systems Inc (MITK).
