Examining Mitek Systems Inc. (MITK)’s cash flow and debt position


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.

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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

Insider Transactions:

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.

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 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.

Shares Statistics:

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%.

Earnings Estimates

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.

Revenue Estimates

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.


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