The Street Is Finally Waking Up To Mitek Systems Inc (NASDAQ: MITK)

After Hours

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Stocks Info

Mitek Systems Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $9.41 and fluctuated between $9.42 as its day high and $9.11 as its day low. The current market capitalization of Mitek Systems Inc is $434.74M. A total of 0.65 million shares were traded on the day, compared to an average of 620.62K shares.

In the most recent transaction, CARNECCHIA SCIPIO MAXIMUS bought 100,000 shares of MITK for 13.35 per share on Jul 29 ’24. In a previous transaction on Jun 14 ’24, Briggs Christopher H sold 24,000 shares at 11.10 per share. MITK shares that SVP Identity owns now total 68,673.

Among the insiders who sold shares, Wells Donna disposed of 16,839 shares on Jun 07 ’24 at a per-share price of $12.46. This resulted in the Director holding 38,552 shares of MITK after the transaction. In another insider transaction, CARNECCHIA SCIPIO MAXIMUS sold 56,113 shares at $10.86 per share on Dec 07 ’23. Company shares held by the Chief Executive Officer now total 500,795.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MITK has a high of $16.24 and a low of $7.35.

As of this writing, MITK has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.16.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MITK’s latest balance sheet shows that the firm has $179.37M in Cash & Short Term Investments as of fiscal 2021. There were $129.45M in debt and $39.21M in liabilities at the time. Its Book Value Per Share was $4.54, while its Total Shareholder’s Equity was $192.83M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MITK is Buy with a score of 5.00.

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