Mitek Systems Inc (MITK) distance from 200-day Simple Moving Average is $11.09: Right on the Precipice

As on Thursday, Mitek Systems Inc (NASDAQ: MITK) got off with the flyer as it spiked 3.64% to $9.10, before settling in for the price of $8.78 at the close. Taking a more long-term approach, MITK posted a 52-week range of $7.35-$16.24.

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The Technology Sector giants’ yearly sales growth during the last 5-year period was 19.51%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -14.89%. This publicly-traded company’s shares outstanding now amounts to $45.59 million, simultaneously with a float of $45.09 million. The organization now has a market capitalization sitting at $420.46 million. At the time of writing, stock’s 50-day Moving Average stood at $8.82, while the 200-day Moving Average is $11.09.

Mitek Systems Inc (MITK) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Software – Application industry. Mitek Systems Inc’s current insider ownership accounts for 2.41%, in contrast to 76.22% institutional ownership. Preceding that transaction, on Jun 14 ’24, Company’s SVP Identity sold 24,000 for 11.10, making the whole transaction’s value amount to 266,400. This particular insider is now the holder of 68,673 in total.

Mitek Systems Inc (MITK) Earnings and Revenue Records

Mitek Systems Inc’s EPS decrease for this current 12-month fiscal period is -14.89% and is forecasted to reach 0.84 in the upcoming year.

Mitek Systems Inc (NASDAQ: MITK) Trading Performance Indicators

Let’s observe the current performance indicators for Mitek Systems Inc (MITK). It’s Quick Ratio in the last reported quarter now stands at 4.46. The Stock has managed to achieve an average true range (ATR) of 0.30. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.52. Similarly, its price to free cash flow for trailing twelve months is now 33.56.

In the same vein, MITK’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.15, a figure that is expected to reach 0.17 in the next quarter, and analysts are predicting that it will be 0.84 at the market close of one year from today.

Technical Analysis of Mitek Systems Inc (MITK)

Through scrutinizing the latest numbers posted by the [Mitek Systems Inc, MITK], it can be observed that its last 5-days Average volume of 0.41 million was lower the volume of 0.55 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 20.43% While, its Average True Range was 0.30.

Raw Stochastic average of Mitek Systems Inc (MITK) in the period of the previous 100 days is set at 27.47%, which indicates a major fall in contrast to 42.06% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 41.14% that was lower than 60.50% volatility it exhibited in the past 100-days period.