Mitek Systems Inc (NASDAQ: MITK) is -6.84% lower on its value in year-to-date trading and has touched a low of $6.93 and a high of $13.72 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 $10.23 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $10.35, the stock is 4.18% and 9.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 1.17% at the moment leaves the stock 11.13% off its SMA200. MITK registered -7.01% loss for a year compared to 6-month loss of -8.33%. The firm has a 50-day simple moving average (SMA 50) of $9.4254 and a 200-day simple moving average (SMA200) of $9.3138.
The stock witnessed a 9.41% gain in the last 1 month and extending the period to 3 months gives it a 24.40%, and is 3.92% 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 2.65% over the week and 2.56% over the month.
Mitek Systems Inc (MITK) has around 630 employees, a market worth around $471.59M and $177.38M in sales. Current P/E ratio is 36.60 and Fwd P/E is 10.30. Profit margin for the company is 7.51%. Distance from 52-week low is 49.35% and -24.56% from its 52-week high. The company has generated returns on investments over the last 12 months (5.93%).
with sales reaching $43.68M over the same period.The EPS is expected to shrink by -9.90% this year, but quarterly earnings will post 2.52% year-over-year. Quarterly sales are estimated to shrink -2.87% in year-over-year returns.
217.0 institutions hold shares in Mitek Systems Inc (MITK), with institutional investors hold 80.81% of the company’s shares. The shares outstanding are 45.53M, and float is at 44.07M with Short Float at 5.38%. Institutions hold 78.57% 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 8.1729 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 6.0514 of the shares totaling 2.85 million with a market value of $31.81 million.
Mitek Systems Inc (MITK) Insider Activity
The most recent transaction is an insider sale by Diamond Michael E, the company’s General Manager. SEC filings show that Diamond Michael E sold 70,352 shares of the company’s common stock on Jun 13 ’25 at a price of $9.77 per share for a total of $0.69 million. Following the sale, the insider now owns 0.23 million shares.
