Mitek Systems Inc (NASDAQ: MITK) is -12.49% lower on its value in year-to-date trading and has touched a low of $6.93 and a high of $14.32 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 $8.81 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $9.74, the stock is 18.47% and 15.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 10.56% at the moment leaves the stock 4.16% off its SMA200. MITK registered -27.31% loss for a year compared to 6-month loss of 12.73%.
The stock witnessed a 22.06% gain in the last 1 month and extending the period to 3 months gives it a -7.06%, and is 18.20% 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 6.07% over the week and 3.70% over the month.
Mitek Systems Inc (MITK) has around 630 employees, a market worth around $440.64M and $177.38M in sales. Current P/E ratio is 34.44 and Fwd P/E is 9.19. Profit margin for the company is 7.51%. Distance from 52-week low is 40.55% and -31.98% from its 52-week high. The company has generated returns on investments over the last 12 months (5.93%).
The EPS is expected to shrink by -6.94% this year.
Mitek Systems Inc (MITK) Top Institutional Holders
The shares outstanding are 45.53M, and float is at 44.09M with Short Float at 6.27%.
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 8.1729% 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 7.627 of the shares outstanding. The other top investors are BLUE GROTTO CAPITAL, LLC which holds 3.17 million shares representing 6.7465% and valued at over $35.46 million, while LEGAL & GENERAL GROUP PLC holds 6.0587 of the shares totaling 2.85 million with a market value of $31.85 million.
Mitek Systems Inc (MITK) Insider Activity
The most recent transaction is an insider purchase by ROSSI MARK, the company’s Director. SEC filings show that ROSSI MARK bought 5,000 shares of the company’s common stock on Mar 06 ’25 at a price of $9.05 per share for a total of $45275.0. Following the purchase, the insider now owns 33744.0 shares.
Mitek Systems Inc disclosed in a document filed with the SEC on Mar 07 ’25 that ROSSI MARK (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 07 ’25 and was made at $8.91 per share for $22275.0. Following the transaction, the insider now directly holds 36244.0 shares of the MITK stock.
Still, SEC filings show that on Mar 06 ’25, Carter Scott R (Director) acquired 12,000 shares at an average price of $9.08 for $0.11 million. The insider now directly holds 192,136 shares of Mitek Systems Inc (MITK).
