Mitek Systems Inc (NASDAQ: MITK) on Tuesday, soared 1.69% from the previous trading day, before settling in for the closing price of $11.26. Within the past 52 weeks, MITK’s price has moved between $7.35 and $16.24.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 15.56%. The company achieved an average annual earnings per share of -8.51%. With a float of $43.71 million, this company’s outstanding shares have now reached $45.00 million.
The extent of productivity of a business whose workforce counts for 630 workers is very important to gauge. In terms of profitability, gross margin is 88.83%, operating margin of 6.65%, and the pretax margin is -0.53%.
Mitek Systems Inc (MITK) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Mitek Systems Inc is 2.68%, while institutional ownership is 78.46%. The most recent insider transaction that took place on Dec 11 ’24, was worth 56,434. In this transaction GC, Secretary & Admin Officer of this company sold 6,222 shares at a rate of $9.07, taking the stock ownership to the 164,342 shares. Before that another transaction happened on Dec 03 ’24, when Company’s SVP Identity sold 3,320 for $9.08, making the entire transaction worth $30,133. This insider now owns 65,353 shares in total.
Mitek Systems Inc (MITK) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.51% per share during the next fiscal year.
Mitek Systems Inc (NASDAQ: MITK) Trading Performance Indicators
Mitek Systems Inc (MITK) is currently performing well based on its current performance indicators. A quick ratio of 4.39 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.99. Likewise, its price to free cash flow for the trailing twelve months is 17.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 1.14 in one year’s time.
Technical Analysis of Mitek Systems Inc (MITK)
The latest stats from [Mitek Systems Inc, MITK] show that its last 5-days average volume of 1.14 million was superior to 0.57 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 89.69%. Additionally, its Average True Range was 0.50.
During the past 100 days, Mitek Systems Inc’s (MITK) raw stochastic average was set at 91.31%, which indicates a significant increase from 89.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.12% in the past 14 days, which was higher than the 64.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.31, while its 200-day Moving Average is $10.85. Now, the first resistance to watch is $11.53. This is followed by the second major resistance level at $11.61. The third major resistance level sits at $11.76. If the price goes on to break the first support level at $11.30, it is likely to go to the next support level at $11.15. The third support level lies at $11.07 if the price breaches the second support level.
Mitek Systems Inc (NASDAQ: MITK) Key Stats
Market capitalization of the company is 514.30 million based on 43,091K outstanding shares. Right now, sales total 172,080 K and income totals 3,280 K. The company made 43,220 K in profit during its latest quarter, and 8,570 K in sales during its previous quarter.
