Mitek Systems, Inc. (MITK): Price and Financial Metrics
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MITK POWR Grades
- MITK scores best on the Growth dimension, with a Growth rank ahead of 92.26% of US stocks.
- MITK's strongest trending metric is Growth; it's been moving down over the last 179 days.
- MITK's current lowest rank is in the Momentum metric (where it is better than 18.48% of US stocks).
MITK Stock Summary
- MITEK SYSTEMS INC's stock had its IPO on May 26, 1995, making it an older stock than 75.42% of US equities in our set.
- With a price/earnings ratio of 41.34, MITEK SYSTEMS INC P/E ratio is greater than that of about 88.24% of stocks in our set with positive earnings.
- Over the past twelve months, MITK has reported earnings growth of 57.92%, putting it ahead of 77.84% of US stocks in our set.
- Stocks with similar financial metrics, market capitalization, and price volatility to MITEK SYSTEMS INC are NOVT, PRGS, FUV, NTCT, and YELP.
- 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
- MITK's price/sales ratio is 3.1; this is 29.17% higher than that of the median Technology stock.
- MITK's price/sales ratio has moved up 2.2 over the prior 243 months.
Below are key valuation metrics over time for MITK.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| MITK | 2022-09-30 | 3.1 | 2.2 | 41.3 | 26.9 |
| MITK | 2022-09-29 | 3.1 | 2.2 | 41.9 | 27.2 |
| MITK | 2022-09-28 | 3.2 | 2.3 | 43.6 | 28.1 |
| MITK | 2022-09-27 | 3.3 | 2.3 | 44.1 | 28.3 |
| MITK | 2022-09-26 | 3.2 | 2.2 | 42.6 | 27.5 |
| MITK | 2022-09-23 | 3.1 | 2.2 | 41.9 | 27.2 |
MITK Growth Metrics
- Its 4 year net income to common stockholders growth rate is now at 137.42%.
- Its 5 year revenue growth rate is now at 165.65%.
- The 2 year net cashflow from operations growth rate now stands at 93.55%.
The table below shows MITK's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-03-31 | 132.236 | 30.966 | 9.827 |
| 2021-12-31 | 126.295 | 30.862 | 8.935 |
| 2021-09-30 | 119.797 | 37.341 | 7.978 |
| 2021-06-30 | 117.165 | 31.763 | 11.169 |
| 2021-03-31 | 110.8 | 31.814 | 9.532 |
| 2020-12-31 | 105.219 | 27.662 | 9.421 |
MITK's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- MITK has a Quality Grade of B, ranking ahead of 87.52% of graded US stocks.
- MITK's asset turnover comes in at 0.417 -- ranking 66th of 83 Computers stocks.
- EBIX, MNDT, and STX are the stocks whose asset turnover ratios are most correlated with MITK.
The table below shows MITK's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-06-30 | 0.417 | 0.873 | 0.073 |
| 2021-03-31 | 0.516 | 0.865 | 0.085 |
| 2020-12-31 | 0.646 | 0.863 | 0.146 |
| 2020-09-30 | 0.652 | 0.870 | 0.140 |
| 2020-06-30 | 0.651 | 0.866 | 0.139 |
| 2020-03-31 | 0.651 | 0.864 | 0.074 |
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 | $25.00 | Average Broker Recommendation | 1.3 (Strong Buy) |
MITK Stock Price Chart Interactive Chart >
MITK Price/Volume Stats
| Current price | $9.84 | 52-week high | $20.42 |
| Prev. close | $10.07 | 52-week low | $8.32 |
| Day low | $9.56 | Volume | 27,616 |
| Day high | $10.19 | Avg. volume | 358,309 |
| 50-day MA | $10.23 | Dividend yield | N/A |
| 200-day MA | $12.18 | Market Cap | 436.37M |
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.
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.
10 Best Cybersecurity Stocks To Buy Under $20In this article, we discuss 10 best cybersecurity stocks under $20. If you want to see more stocks in this selection, check out 5 Cybersecurity Stocks Under $20. After Russia’s invasion of Ukraine in late February, the United States put economic sanctions on Russia, in addition to multiple other nations boycotting the country. At the […] |
Survey Reveals Tech Trust Gap Amongst UK Bank CustomersLONDON, October 03, 2022--New research by Mitek, a global leader in digital identity and digital fraud prevention, and YouGov has found that banking customers’ trust in technology remains low in the United Kingdom. Only half (52%) of UK bank customers feel that technology like artificial intelligence (AI) and biometrics positively impacts their trust in banks, and only 5% would prefer all interactions with AI/automated systems when engaging banks. These findings are based on a survey of more tha |
Mitek to Present at H.C. Wainwright’s 24th Annual Global Investment Conference on September 13, 2022SAN DIEGO, September 08, 2022--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that CFO Frank Teruel is scheduled to present at the 24th Annual H.C. Wainwright Global Investment Conference in New York on Tuesday, September 13th at 3:30 p.m. Eastern Time, with one-on-one meetings with investors held throughout the day. |
10 Best Small-Cap AI StocksIn this article, we will be taking a look at the 10 best small-cap AI stocks. To skip our detailed analysis of these stocks and the artificial intelligence sector, you can go directly to see the 5 Best Small-Cap AI Stocks. With changing trends in technological advancement and the rise of big tech, artificial intelligence, and […] |
The 7 Best Bargain Stocks to Buy NowWith the unique dynamics of Covid-19 creating several opportunities, here are the best bargain stocks to buy now. |
MITK Price Returns
| 1-mo | N/A |
| 3-mo | -0.81% |
| 6-mo | -26.95% |
| 1-year | -46.14% |
| 3-year | -1.65% |
| 5-year | 1.44% |
| YTD | -44.56% |
| 2021 | -0.17% |
| 2020 | 132.42% |
| 2019 | -29.23% |
| 2018 | 20.78% |
| 2017 | 45.53% |
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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