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.
After finishing at $10.84 in the prior trading day, Mitek Systems Inc (NASDAQ: MITK) closed at $10.82, down -0.18%. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 0.67 million shares were traded. MITK stock price reached its highest trading level at $11.185 during the session, while it also had its lowest trading level at $10.7.
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 3.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.01. For the most recent quarter (mrq), Quick Ratio is recorded 4.39 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.70.
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 Dec 11 ’24 when Gray Jason sold 6,222 shares for $9.07 per share. The transaction valued at 56,434 led to the insider holds 164,342 shares of the business.
Briggs Christopher H sold 3,320 shares of MITK for $30,133 on Dec 03 ’24. The SVP Identity now owns 65,353 shares after completing the transaction at $9.08 per share. On Dec 03 ’24, another insider, Diamond Michael E, who serves as the General Manager of the company, sold 4,544 shares for $9.09 each. As a result, the insider received 41,305 and left with 166,632 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 486904320 and an Enterprise Value of 462392256. As of this moment, Mitek’s Price-to-Earnings (P/E) ratio for their current fiscal year is 156.13, and their Forward P/E ratio for the next fiscal year is 9.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.81 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 2.777 whereas that against EBITDA is 39.296.
Stock Price History:
The Beta on a monthly basis for MITK is 1.09, which has changed by -0.10339123 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. 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 12.65%, while the 200-Day Moving Average is calculated to be 0.00%.
Shares Statistics:
The stock has traded on average 600.61K shares per day over the past 3-months and 762010 shares per day over the last 10 days, according to various share statistics. A total of 45.00M shares are outstanding, with a floating share count of 43.71M. Insiders hold about 2.68% of the company’s shares, while institutions hold 77.82% stake in the company. Shares short for MITK as of 1732838400 were 3775938 with a Short Ratio of 6.24, compared to 1730332800 on 4276791. Therefore, it implies a Short% of Shares Outstanding of 3775938 and a Short% of Float of 8.2399994.
