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After finishing at $10.01 in the prior trading day, Mitek Systems Inc (NASDAQ: MITK) closed at $10.1, up 0.90%. In other words, the price has increased by $0.90 from its previous closing price. On the day, 0.54 million shares were traded. MITK stock price reached its highest trading level at $10.28 during the session, while it also had its lowest trading level at $9.93.
Ratios:
Our goal is to gain a better understanding of MITK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, Jefferies on September 04, 2024, Downgraded its rating to Hold and sets its target price to $9.50 from $17 previously.
On December 14, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 13 ’25 when Diamond Michael E sold 70,352 shares for $9.77 per share. The transaction valued at 687,473 led to the insider holds 233,340 shares of the business.
CHRISTOPHER H BRIGGS bought 26,023 shares of MITK for $253,087 on Jun 13 ’25. On Jun 13 ’25, another insider, MICHAEL E DIAMOND, who serves as the Officer of the company, bought 70,352 shares for $10.01 each.
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 461034720 and an Enterprise Value of 449391200. As of this moment, Mitek’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.65, and their Forward P/E ratio for the next fiscal year is 9.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 2.523 whereas that against EBITDA is 12.52.
Stock Price History:
The Beta on a monthly basis for MITK is 1.06, which has changed by 0.09782612 over the last 52 weeks, in comparison to a change of 0.15624678 over the same period for the S&P500. Over the past 52 weeks, MITK has reached a high of $11.78, while it has fallen to a 52-week low of $6.93. The 50-Day Moving Average of the stock is 3.95%, while the 200-Day Moving Average is calculated to be 6.43%.
Shares Statistics:
The stock has traded on average 433.45K shares per day over the past 3-months and 433570 shares per day over the last 10 days, according to various share statistics. A total of 45.62M shares are outstanding, with a floating share count of 44.16M. Insiders hold about 3.27% of the company’s shares, while institutions hold 76.90% stake in the company. Shares short for MITK as of 1755216000 were 1783912 with a Short Ratio of 4.05, compared to 1752537600 on 1854477. Therefore, it implies a Short% of Shares Outstanding of 1783912 and a Short% of Float of 3.9699999999999998.
Earnings Estimates
A detailed examination of Mitek Systems Inc (MITK) is currently in progress, with 6.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.17, with high estimates of $0.18 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.96 and $0.83 for the fiscal current year, implying an average EPS of $0.89. EPS for the following year is $1.07, with 6.0 analysts recommending between $1.48 and $0.91.
Revenue Estimates
6 analysts predict $40.86M in revenue for the current quarter. It ranges from a high estimate of $42M to a low estimate of $40.09M. As of the current estimate, Mitek Systems Inc’s year-ago sales were $43.22MFor the next quarter, 6 analysts are estimating revenue of $40.73M. There is a high estimate of $41.6M for the next quarter, whereas the lowest estimate is $39.18M.
A total of 6 analysts have provided revenue estimates for MITK’s current fiscal year. The highest revenue estimate was $176.9M, while the lowest revenue estimate was $175M, resulting in an average revenue estimate of $175.56M. In the same quarter a year ago, actual revenue was $172.08MBased on 6 analysts’ estimates, the company’s revenue will be $189.05M in the next fiscal year. The high estimate is $191.23M and the low estimate is $183.41M.
