Mitek Systems Inc (NASDAQ: MITK) kicked off on Monday, up 4.11% from the previous trading day, before settling in for the closing price of $12.18. Over the past 52 weeks, MITK has traded in a range of $8.77-$16.24.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 22.23%. While this was happening, its average annual earnings per share was recorded 7.98%. With a float of $45.31 million, this company’s outstanding shares have now reached $45.59 million.
Considering the fact that the conglomerate employs 590 people, you should pay attention to its efficiency factor.
Mitek Systems Inc (MITK) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Mitek Systems Inc is 3.16%, while institutional ownership is 77.03%. The most recent insider transaction that took place on Dec 07 ’23, was worth 609,387. In this transaction Chief Executive Officer of this company sold 56,113 shares at a rate of $10.86, taking the stock ownership to the 500,795 shares. Before that another transaction happened on Dec 07 ’23, when Company’s General Manager sold 7,242 for $10.86, making the entire transaction worth $78,648. This insider now owns 266,304 shares in total.
Mitek Systems Inc (MITK) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 7.98% per share during the next fiscal year.
Mitek Systems Inc (NASDAQ: MITK) Trading Performance Indicators
Take a look at Mitek Systems Inc’s (MITK) current performance indicators. Last quarter, stock had a quick ratio of 4.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.62. Likewise, its price to free cash flow for the trailing twelve months is 37.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.16 in one year’s time.
Technical Analysis of Mitek Systems Inc (MITK)
Compared to the last year’s volume of 0.49 million, its volume of 1.35 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.83%. Additionally, its Average True Range was 0.68.
During the past 100 days, Mitek Systems Inc’s (MITK) raw stochastic average was set at 37.32%, which indicates a significant increase from 19.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.05% in the past 14 days, which was higher than the 39.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.66, while its 200-day Moving Average is $11.71. Nevertheless, the first resistance level for the watch stands at $12.89 in the near term. At $13.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.40. If the price goes on to break the first support level at $12.37, it is likely to go to the next support level at $12.06. Should the price break the second support level, the third support level stands at $11.86.
Mitek Systems Inc (NASDAQ: MITK) Key Stats
The company with the Market Capitalisation of 593.30 million has total of 46,791K Shares Outstanding. Its annual sales at the moment are 172,550 K in contrast with the sum of 8,030 K annual income. Company’s last quarter sales were recorded 36,920 K and last quarter income was -5,790 K.
