Mitek Systems Inc (NASDAQ: MITK) is -33.97% lower on its value in year-to-date trading and has touched a low of $7.35 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 $8.48 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $8.61, the stock is 1.47% and -11.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 1.53% at the moment leaves the stock -26.82% off its SMA200. MITK registered -18.47% loss for a year compared to 6-month loss of -38.01%. The firm has a 50-day simple moving average (SMA 50) of $9.6034 and a 200-day simple moving average (SMA200) of $11.7438.
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The stock witnessed a -6.51% gain in the last 1 month and extending the period to 3 months gives it a -24.21%, and is 3.24% up 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 4.41% over the week and 4.20% over the month.
Mitek Systems Inc (MITK) has around 590 employees, a market worth around $397.78M and $166.52M in sales. Fwd P/E is 10.42. Profit margin for the company is -4.05%. Distance from 52-week low is 17.14% and -46.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.89%).
The EPS is expected to shrink by -15.07% this year
221.0 institutions hold shares in Mitek Systems Inc (MITK), with institutional investors hold 83.06% of the company’s shares. The shares outstanding are 45.59M, and float is at 45.50M with Short Float at 9.57%. Institutions hold 81.05% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.84 million shares valued at $42.96 million. The investor’s holdings represent 8.194 of the MITK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.59 million shares valued at $40.09 million to account for 7.6467 of the shares outstanding. The other top investors are BLUE GROTTO CAPITAL, LLC which holds 3.17 million shares representing 6.7639 and valued at over $35.46 million, while LEGAL & GENERAL GROUP PLC holds 6.0743 of the shares totaling 2.85 million with a market value of $31.85 million.
Mitek Systems Inc (MITK) Insider Activity
Mitek Systems Inc disclosed in a document filed with the SEC on Jun 14 ’24 that Briggs Christopher H (SVP Identity) sold a total of 24,000 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $11.10 per share for $0.27 million. Following the transaction, the insider now directly holds 68673.0 shares of the MITK stock.
Still, SEC filings show that on Jun 07 ’24, Wells Donna (Director) disposed off 16,839 shares at an average price of $12.46 for $0.21 million. The insider now directly holds 38,552 shares of Mitek Systems Inc (MITK).
