In the latest session, Mitek Systems Inc. (NASDAQ: MITK) closed at $11.58 down -2.85% from its previous closing price of $11.92. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 835768 shares were traded. MITK stock price reached its highest trading level at $12.07 during the session, while it also had its lowest trading level at $11.44.
For a deeper understanding of Mitek Systems Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.47. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.69.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 28 when CARNECCHIA SCIPIO MAXIMUS sold 26,693 shares for $10.71 per share. The transaction valued at 285,882 led to the insider holds 278,287 shares of the business.
Diamond Michael E sold 3,019 shares of MITK for $32,333 on Nov 28. The General Manager now owns 197,033 shares after completing the transaction at $10.71 per share. On Nov 28, another insider, Ritter Stephen, who serves as the Chief Technology Officer of the company, sold 2,797 shares for $10.71 each. As a result, the insider received 29,956 and left with 182,310 shares of the company.
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 527.93M and an Enterprise Value of 555.35M. As of this moment, Mitek’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.65, and their Forward P/E ratio for the next fiscal year is 10.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 3.31 whereas that against EBITDA is 14.86.
Stock Price History:
Over the past 52 weeks, MITK has reached a high of $13.98, while it has fallen to a 52-week low of $8.60. The 50-Day Moving Average of the stock is 11.28, while the 200-Day Moving Average is calculated to be 10.17.
For the past three months, MITK has traded an average of 428.24K shares per day and 1.01M over the past ten days. A total of 44.93M shares are outstanding, with a floating share count of 42.60M. Insiders hold about 2.20% of the company’s shares, while institutions hold 72.40% stake in the company. Shares short for MITK as of Aug 30, 2023 were 2.44M with a Short Ratio of 2.44M, compared to 2.32M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.36% and a Short% of Float of 5.43%.
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.13, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.18, with high estimates of $0.26 and low estimates of $0.13.
Analysts are recommending an EPS of between $1.11 and $0.86 for the fiscal current year, implying an average EPS of $0.96. EPS for the following year is $1.1, with 3 analysts recommending between $1.33 and $0.9.
A total of 4 analysts believe the company’s revenue will be $39.4M this quarter.It ranges from a high estimate of $40.31M to a low estimate of $38.52M. As of the current estimate, Mitek Systems Inc.’s year-ago sales were $39.33M, an estimated increase of 0.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $39.8M, an increase of 2.70% over than the figure of $0.20% in the same quarter last year. There is a high estimate of $40.47M for the next quarter, whereas the lowest estimate is $39.5M.
A total of 4 analysts have provided revenue estimates for MITK’s current fiscal year. The highest revenue estimate was $171.04M, while the lowest revenue estimate was $169.9M, resulting in an average revenue estimate of $170.24M. In the same quarter a year ago, actual revenue was $143.94M, up 18.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $183.99M in the next fiscal year. The high estimate is $187.7M and the low estimate is $180.31M. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.