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

Mitek Systems, Inc. (MITK): $13.97

0.05 (+0.36%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

C

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Industry: Software - Application

Industry

B

Ranked

#63 of 131

in industry

MITK Price/Volume Stats

Current price $13.97 52-week high $14.23
Prev. close $13.92 52-week low $8.77
Day low $13.78 Volume 161,656
Day high $14.23 Avg. volume 392,442
50-day MA $12.27 Dividend yield N/A
200-day MA $11.47 Market Cap 653.67M

MITK Stock Price Chart Interactive Chart >

MITK POWR Grades

  • Quality is the dimension where MITK ranks best; there it ranks ahead of 94.29% of US stocks.
  • MITK's strongest trending metric is Quality; it's been moving up over the last 26 weeks.
  • MITK's current lowest rank is in the Stability metric (where it is better than 40.68% of US stocks).

MITK Stock Summary

  • MITK's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 170.36 -- higher than 82.88% of US-listed equities with positive expected earnings growth.
  • With a price/earnings ratio of 74.34, MITEK SYSTEMS INC P/E ratio is greater than that of about 91.56% of stocks in our set with positive earnings.
  • In terms of twelve month growth in earnings before interest and taxes, MITEK SYSTEMS INC is reporting a growth rate of 43.64%; that's higher than 80.56% of US stocks.
  • If you're looking for stocks that are quantitatively similar to MITEK SYSTEMS INC, a group of peers worth examining would be NYT, HOLX, CARS, ITGR, and HXL.
  • 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/sales ratio is 20.83% higher, now standing at 2.9.
  • MITK's price/sales ratio has moved up 0.7 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 2023-12-08 2.9 2.4 65.5 26.0
MITK 2023-12-07 2.8 2.3 64.4 25.7
MITK 2023-12-06 2.9 2.4 67.0 26.6
MITK 2023-12-05 3.0 2.5 68.5 27.1
MITK 2023-12-04 3.0 2.5 68.5 27.1
MITK 2023-12-01 3.0 2.5 68.5 27.1

MITK Growth Metrics

    Its 3 year price growth rate is now at -7.49%.
  • Its 5 year net income to common stockholders growth rate is now at 101.43%.
  • The 5 year price growth rate now stands at 4.38%.
MITK's revenue has moved up $50,817,000 over the prior 30 months.

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
2022-06-30 139.791 28.338 6.755
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

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)

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.


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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.

7 Cybersecurity Stocks to Exit ASAP

Cybersecurity is a fast-growing business, but not everyone can be a winner in this competitive space.

Louis Navellier and the InvestorPlace Research Staff on InvestorPlace | December 24, 2023

Mitek Named Winner at FinTech Finance 2023 FF Awards Ceremony

SAN DIEGO, December 21, 2023--Mitek Systems, Inc. (NASDAQ: MITK) was named winner in the Identity Verification and Know Your Customer category at FinTech Finance’s 2023 FF Awards ceremony Nov. 28 in London. FinTech Finance covers the global financial services sector.

Yahoo | December 21, 2023

Mitek Appoints David Lyle as Chief Financial Officer

SAN DIEGO, December 19, 2023--Mitek Systems, Inc. (NASDAQ: MITK, Mitek or the Company), a global leader in digital identity and fraud prevention is pleased to announce the appointment of David Lyle as Chief Financial Officer (CFO). He will assume the CFO role on January 2, 2024, currently held by Fuad Ahmad, Mitek’s current interim CFO, who will remain with Mitek during the next several months to ensure a successful transition.

Yahoo | December 19, 2023

Mitek Announces Receipt of Notice from Nasdaq

SAN DIEGO, December 18, 2023--Mitek Systems, Inc. (Nasdaq: MITK, www.miteksystems.com, "Mitek" or the "Company"), a global leader in digital identity and fraud prevention, today reported that it received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c) (the "Rule") as

Yahoo | December 18, 2023

Consumer Acceptance of Biometrics Opens Path to Confront Threat of AI Digital Fraud

SAN DIEGO, December 12, 2023--A new International Data Corporation (IDC) InfoBrief, sponsored by Mitek (NASDAQ: MITK), Biometrics Key to Customer Satisfaction and Combating AI-Generated Fraud*, was released today. The research finds that people who use biometrics to access online accounts register higher rates of satisfaction than those who don’t. Consumer acceptance of biometrics when used for identity protection means companies can confidently deploy multi-layered biometric authentication, the

Yahoo | December 12, 2023

Read More 'MITK' Stories Here

MITK Price Returns

1-mo 19.40%
3-mo 7.13%
6-mo 30.32%
1-year 48.14%
3-year -1.83%
5-year 14.13%
YTD 7.13%
2023 34.57%
2022 -45.41%
2021 -0.17%
2020 132.42%
2019 -29.23%

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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