As of close of business last night, Mitek Systems Inc’s stock clocked out at $13.39, down -9.71% from its previous closing price of $14.83. On the day, 2026896 shares were traded.
Ratios:
To gain a deeper understanding of MITK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.80. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.83 while its Price-to-Book (P/B) ratio in mrq is 2.92.
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.
Shares Statistics:
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 76.87% stake in the company.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.13, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.25, with high estimates of $0.27 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.08 and $0.92 for the fiscal current year, implying an average EPS of $1.01. EPS for the following year is $1.19, with 4 analysts recommending between $1.31 and $1.12.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for MITK’s current fiscal year. The highest revenue estimate was $182.7M, while the lowest revenue estimate was $180.48M, resulting in an average revenue estimate of $181.8M. In the same quarter a year ago, actual revenue was $172.55M, up 5.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $203.42M in the next fiscal year. The high estimate is $204.54M and the low estimate is $202.15M. The average revenue growth estimate for next year is up 11.90% from the average revenue estimate for this year.
