Mitek Systems, Inc. (MITK): Price and Financial Metrics


Mitek Systems, Inc. (MITK): $22.11

2.60 (+13.33%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

MITK POWR Grades


  • MITK scores best on the Quality dimension, with a Quality rank ahead of 89.39% of US stocks.
  • The strongest trend for MITK is in Sentiment, which has been heading down over the past 31 weeks.
  • MITK's current lowest rank is in the Momentum metric (where it is better than 24.91% of US stocks).

MITK Stock Summary

  • MITK's current price/earnings ratio is 86.95, which is higher than 90.09% of US stocks with positive earnings.
  • With a year-over-year growth in debt of 1,551.8%, Mitek Systems Inc's debt growth rate surpasses 98.72% of about US stocks.
  • In terms of twelve month growth in earnings before interest and taxes, Mitek Systems Inc is reporting a growth rate of 221.38%; that's higher than 91.48% of US stocks.
  • Stocks that are quantitatively similar to MITK, based on their financial statements, market capitalization, and price volatility, are FORM, EXEL, ICHR, ERII, and CRUS.
  • MITK's SEC filings can be seen here. And to visit Mitek Systems Inc's official web site, go to www.miteksystems.com.

MITK Valuation Summary

  • In comparison to the median Technology stock, MITK's price/earnings ratio is 108.63% higher, now standing at 82.2.
  • MITK's price/sales ratio has moved up 4.1 over the prior 243 months.
  • Over the past 243 months, MITK's EV/EBIT ratio has gone up 78.1.

Below are key valuation metrics over time for MITK.

Stock Date P/S P/B P/E EV/EBIT
MITK 2020-11-03 5.6 4.5 88.6 64.9
MITK 2020-05-13 3.9 3.2 77.9 93.7
MITK 2017-02-27 5.5 5.0 120.3 117.7
MITK 2009-11-11 3.9 34.7 -11.6 -11.3
MITK 2009-07-17 1.3 12.0 -5.1 -4.4
MITK 2006-10-02 3.3 10.4 -192.2 54.4

MITK Price Target

For more insight on analysts targets of MITK, see our MITK price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $22.13 Average Broker Recommendation 1.3 (Strong Buy)

MITK Stock Price Chart Interactive Chart >

Price chart for MITK

MITK Price/Volume Stats

Current price $22.11 52-week high $22.40
Prev. close $19.51 52-week low $9.75
Day low $20.13 Volume 2,227,300
Day high $22.40 Avg. volume 643,286
50-day MA $18.52 Dividend yield N/A
200-day MA $16.03 Market Cap 951.92M

Mitek Systems, Inc. (MITK) Company Bio


Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise customers in the Unites States. The company was founded in 1983 and is based in San Diego, California.

MITK Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$22.11$28.16 66%

We started the process of determining a valid price forecast for Mitek Systems Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Mitek Systems Inc ranked in the 66th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 67.17%. As for the metrics that stood out in our discounted cash flow analysis of Mitek Systems Inc, consider:

  • Its compound free cash flow growth rate, as measured over the past 5.74 years, is 0.43% -- higher than 76.85% of stocks in our DCF forecasting set.
  • The weighted average cost of capital for the company is 9. This value is greater than merely 13.84% stocks in the Technology sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%63%
1%65%
2%66%
3%68%
4%70%
5%71%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MITK, try AMKR, CLS, NTCT, PLXS, and ISNS.


MITK Latest News Stream


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Latest MITK News From Around the Web

Below are the latest news stories about Mitek Systems Inc that investors may wish to consider to help them evaluate MITK as an investment opportunity.

Mitek Systems (MITK) Q3 2021 Earnings Call Transcript

With me on today's call are Max Carnecchia, Mitek's CEO; and Frank Teruel, Mitek's CFO. Before I turn the call over to Max and Frank, I'd like to cover a few quick items. This afternoon, Mitek issued a press release announcing its third-quarter fiscal 2021 financial results.

Yahoo | July 31, 2021

Mitek Systems (MITK) Q3 Earnings and Revenues Top Estimates

Mitek Systems (MITK) delivered earnings and revenue surprises of 43.75% and 6.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | July 29, 2021

Mitek Reports Record Revenue Up 25% Year Over Year and Rapid Adoption of Its Check Fraud Consortium

SAN DIEGO, July 29, 2021--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today reported financial results for its third quarter of fiscal 2021 ended June 30, 2021. Total third quarter revenue increased 25% year over year, fueled by increased demand for both identity verification solutions and mobile deposit as commerce continues its shift to digital channels.

Yahoo | July 29, 2021

Mitek Systems (MITK) to Report Q3 Results: What to Expect

Mitek Systems (MITK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Yahoo | July 22, 2021

Mitek to Report Third Quarter Fiscal 2021 Financial Results on July 29, 2021

SAN DIEGO, July 22, 2021--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identify verification solutions, today announced that it will release its financial results for the third quarter of fiscal 2021, ended June 30, 2021, on Thursday, July 29, 2021, after the close of the market.

Yahoo | July 22, 2021

Read More 'MITK' Stories Here

MITK Price Returns

1-mo 16.18%
3-mo 37.41%
6-mo 45.84%
1-year 115.50%
3-year 168.00%
5-year 207.51%
YTD 24.35%
2020 132.42%
2019 -29.23%
2018 20.78%
2017 45.53%
2016 49.64%

Continue Researching MITK

Here are a few links from around the web to help you further your research on Mitek Systems Inc's stock as an investment opportunity:

Mitek Systems Inc (MITK) Stock Price | Nasdaq
Mitek Systems Inc (MITK) Stock Quote, History and News - Yahoo Finance
Mitek Systems Inc (MITK) Stock Price and Basic Information | MarketWatch

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