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The closing price of Mitek Systems Inc (NASDAQ: MITK) was $12.18 for the day, up 1.67% from the previous closing price of $11.98. In other words, the price has increased by $1.67 from its previous closing price. On the day, 1.03 million shares were traded. MITK stock price reached its highest trading level at $12.23 during the session, while it also had its lowest trading level at $11.83.
Ratios:
Our analysis of MITK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.21. For the most recent quarter (mrq), Quick Ratio is recorded 4.70 and its Current Ratio is at 4.70. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on December 14, 2023, initiated with a Buy rating and assigned the stock a target price of $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 07 ’23 when CARNECCHIA SCIPIO MAXIMUS sold 56,113 shares for $10.86 per share. The transaction valued at 609,387 led to the insider holds 500,795 shares of the business.
Diamond Michael E sold 7,242 shares of MITK for $78,648 on Dec 07 ’23. The General Manager now owns 266,304 shares after completing the transaction at $10.86 per share. On Dec 07 ’23, another insider, Briggs Christopher H, who serves as the SVP Identity of the company, sold 2,287 shares for $10.86 each. As a result, the insider received 24,837 and left with 92,673 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MITK now has a Market Capitalization of 569909504 and an Enterprise Value of 589845632. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 3.602 whereas that against EBITDA is 27.257.
Stock Price History:
Over the past 52 weeks, MITK has reached a high of $16.24, while it has fallen to a 52-week low of $8.77. The 50-Day Moving Average of the stock is -3.81%, while the 200-Day Moving Average is calculated to be 4.13%.
Shares Statistics:
MITK traded an average of 514.34K shares per day over the past three months and 1008020 shares per day over the past ten days. A total of 45.59M shares are outstanding, with a floating share count of 45.31M. Insiders hold about 3.16% of the company’s shares, while institutions hold 77.03% stake in the company. Shares short for MITK as of 1711584000 were 3537527 with a Short Ratio of 6.88, compared to 1709164800 on 3067598. Therefore, it implies a Short% of Shares Outstanding of 3537527 and a Short% of Float of 7.7199996.
Earnings Estimates
The stock of Mitek Systems Inc (MITK) is currently in the spotlight, with Mitek Systems, Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $3.48, with high estimates of $132.61 and low estimates of $5.56.
