In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Mitek Systems Inc’s stock clocked out at $10.13, down -2.60% from its previous closing price of $10.40. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 0.58 million 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 3.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.41. For the most recent quarter (mrq), Quick Ratio is recorded 4.59 and its Current Ratio is at 4.59. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.75.
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:
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 Feb 13 ’25 when Diamond Michael E bought 36,398 shares for $10.16 per share.
Gray Jason sold 6,222 shares of MITK for $56,434 on Dec 11 ’24. The GC, Secretary & Admin Officer now owns 164,342 shares after completing the transaction at $9.07 per share. On Dec 03 ’24, another insider, Briggs Christopher H, who serves as the SVP Identity of the company, sold 3,320 shares for $9.08 each. As a result, the insider received 30,133 and left with 65,353 shares of the company.
Valuation Measures:
As of this moment, Mitek’s Price-to-Earnings (P/E) ratio for their current fiscal year is 109.63, and their Forward P/E ratio for the next fiscal year is 9.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 2.28.
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 $7.35. The 50-Day Moving Average of the stock is -1.05%, while the 200-Day Moving Average is calculated to be -2.60%.
Shares Statistics:
A total of 45.21M shares are outstanding, with a floating share count of 43.99M. Insiders hold about 2.77% of the company’s shares, while institutions hold 72.91% stake in the company.
