Mitek Stock Analysis

MITK
 Stock
  

USD 9.43  0.14  1.51%   

The modest gains experienced by current holders of Mitek Systems may encourage traders to take a closer look at the firm as it is trading at a share price of 9.43 on 190,700 in trading volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in August. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.73. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Mitek Systems partners.
Additionally, see Correlation Analysis.
  
The Mitek Systems stock analysis report makes it easy to digest most publicly released information about Mitek Systems and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Mitek Stock analysis module also helps to analyze the Mitek Systems price relationship with some important fundamental indicators such as market cap and management efficiency.

Mitek Stock Analysis Notes

About 71.0% of the company shares are owned by institutional investors. The book value of Mitek Systems was now reported as 3.9. The company has Price/Earnings To Growth (PEG) ratio of 0.69. Mitek Systems had not issued any dividends in recent years. Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California. Mitek Systems operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 435 people. To find out more about Mitek Systems contact Scipio Carnecchia at 619 269 6800 or learn more at https://www.miteksystems.com.

Mitek Systems Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Mitek Systems' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Mitek Systems or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Mitek Systems has very high historical volatility over the last 90 days
About 71.0% of the company shares are owned by institutional investors

Mitek Systems Upcoming and Recent Events

Earnings reports are used by Mitek Systems to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Mitek Systems previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report27th of January 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of November 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Mitek Systems SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Mitek Systems prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Mitek Systems investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Mitek Systems specific information freely available to individual and institutional investors to make a timely investment decision.
17th of August 2022
Financial Statements and Exhibits. Other Events. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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10th of August 2022
Other Events
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28th of July 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
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18th of July 2022
Changes in Registrant's Certifying Accountant
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27th of May 2022
Changes in Registrant's Certifying Accountant
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28th of April 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
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23rd of March 2022
Financial Statements and Exhibits. Other Events. Completion of Acquisition or Disposition of Assets. Entry into a Material Definitive Agreement
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8th of March 2022
Financial Statements and Exhibits. Other Events. Submission of Matters to a Vote of Security Holders. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
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Mitek Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Mitek Systems is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mitek Systems backward and forwards among themselves. Mitek Systems' institutional investor refers to the entity that pools money to purchase Mitek Systems' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon Shares3.3 M30.1 M
Blue Grotto Capital LlcCommon Shares3.2 M29.4 M
Legal General Group PlcCommon Shares2.9 M26.7 M
Toronado Partners LlcCommon Shares2.9 M26.7 M
Vanguard Group IncCommon Shares2.4 M21.9 M
Independent Advisor AllianceCommon Shares1.8 M16.2 M
State Street CorpCommon Shares976.9 KM
Note, although Mitek Systems' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Mitek Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 414.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mitek Systems's market, we take the total number of its shares issued and multiply it by Mitek Systems's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Mitek Profitablity

Mitek Systems' profitability indicators refer to fundamental financial ratios that showcase Mitek Systems' ability to generate income relative to its revenue or operating costs. If, let's say, Mitek Systems is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Mitek Systems' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Mitek Systems' profitability requires more research than a typical breakdown of Mitek Systems' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 4.28 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is normal as compared to the sector avarege. Similarly, it shows Operating Margin (OM) of 22.04 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.22.

Management Efficiency

The entity has return on total asset (ROA) of 4.83 % which means that it generated profit of $4.83 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 3.28 %, meaning that it created $3.28 on every $100 dollars invested by stockholders. Mitek Systems management efficiency ratios could be used to measure how well mitek systems manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 27th of September, Mitek Systems secures the Mean Deviation of 2.42, downside deviation of 2.5, and Risk Adjusted Performance of 0.0573. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mitek Systems, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Mitek Systems, which can be compared to its peers in the industry. Please verify Mitek Systems information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Mitek Systems is priced some-what accurately, providing market reflects its recent price of 9.43 per share. Given that Mitek Systems has jensen alpha of 0.2321, we recommend you to check Mitek Systems's last-minute market performance to make sure the company can sustain itself at a future point.

Mitek Systems Price Movement Analysis

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Mitek Systems middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Mitek Systems. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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Mitek Systems Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Mitek Systems insiders, such as employees or executives, is commonly permitted as long as it does not rely on Mitek Systems' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Mitek Systems insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Mitek Systems Predictive Daily Indicators

Mitek Systems intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Mitek Systems stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Mitek Systems Forecast Models

Mitek Systems time-series forecasting models is one of many Mitek Systems' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Mitek Systems' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Mitek Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Mitek Systems prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Mitek shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Mitek Systems. By using and applying Mitek Stock analysis, traders can create a robust methodology for identifying Mitek entry and exit points for their positions.
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California. Mitek Systems operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 435 people.

Current Mitek Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Mitek analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Mitek analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
25.0Strong Buy5Odds
Mitek Systems current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mitek analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mitek stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mitek Systems, talking to its executives and customers, or listening to Mitek conference calls.
Mitek Analyst Advice Details

Mitek Stock Analysis Indicators

Mitek Systems stock analysis indicators help investors evaluate how Mitek Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Mitek Systems shares will generate the highest return on investment. By understating and applying Mitek Systems stock analysis, traders can identify Mitek Systems position entry and exit signals to maximize returns.
Quick Ratio2.42
Fifty Two Week Low8.32
Revenue Growth23.80%
Shares Short Prior Month3.18M
Average Daily Volume Last 10 Day233.6k
Average Daily Volume In Three Month330.23k
Shares Percent Shares Out7.29%
Gross Margins89.67%
Short Percent Of Float7.46%
Forward Price Earnings9.02
Float Shares37.91M
Fifty Two Week High20.42
Enterprise Value To Ebitda13.29
Fifty Day Average10.21
Two Hundred Day Average12.47
Enterprise Value To Revenue3.90
Additionally, see Correlation Analysis. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Mitek Systems price analysis, check to measure Mitek Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mitek Systems is operating at the current time. Most of Mitek Systems' value examination focuses on studying past and present price action to predict the probability of Mitek Systems' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mitek Systems' price. Additionally, you may evaluate how the addition of Mitek Systems to your portfolios can decrease your overall portfolio volatility.
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Is Mitek Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine Mitek Systems value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.