On Friday, Mitek Systems Inc (NASDAQ: MITK) opened higher 10.56% from the last session, before settling in for the closing price of $8.81. Price fluctuations for MITK have ranged from $6.93 to $14.32 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 15.56% annually for the last half of the decade. Company’s average yearly earnings per share was noted -6.94% at the time writing. With a float of $44.09 million, this company’s outstanding shares have now reached $45.53 million.
In an organization with 630 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 92.26%, operating margin of 6.18%, and the pretax margin is 1.0%.
Mitek Systems Inc (MITK) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Mitek Systems Inc is 3.23%, while institutional ownership is 78.49%. The most recent insider transaction that took place on Mar 06 ’25, was worth 45,275. In this transaction Director of this company bought 5,000 shares at a rate of $9.05, taking the stock ownership to the 33,744 shares. Before that another transaction happened on Mar 07 ’25, when Company’s Director bought 2,500 for $8.91, making the entire transaction worth $22,275. This insider now owns 36,244 shares in total.
Mitek Systems Inc (MITK) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -6.94% per share during the next fiscal year.
Mitek Systems Inc (NASDAQ: MITK) Trading Performance Indicators
Check out the current performance indicators for Mitek Systems Inc (MITK). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.48. Likewise, its price to free cash flow for the trailing twelve months is 9.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.06 in one year’s time.
Technical Analysis of Mitek Systems Inc (MITK)
Let’s dig in a bit further. During the last 5-days, its volume was 0.53 million. That was better than the volume of 0.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.27%. Additionally, its Average True Range was 0.46.
During the past 100 days, Mitek Systems Inc’s (MITK) raw stochastic average was set at 57.94%, which indicates a significant increase from 56.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.45% in the past 14 days, which was lower than the 51.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.47, while its 200-day Moving Average is $9.35. However, in the short run, Mitek Systems Inc’s stock first resistance to watch stands at $10.86. Second resistance stands at $11.98. The third major resistance level sits at $12.58. If the price goes on to break the first support level at $9.15, it is likely to go to the next support level at $8.55. The third support level lies at $7.43 if the price breaches the second support level.
Mitek Systems Inc (NASDAQ: MITK) Key Stats
There are currently 45,244K shares outstanding in the company with a market cap of 440.64 million. Presently, the company’s annual sales total 172,080 K according to its annual income of 3,280 K. Last quarter, the company’s sales amounted to 37,250 K and its income totaled -4,610 K.
