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NASDAQ:MITKMitek Systems Stock Price, Forecast & News

$9.08
-0.07 (-0.77 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$8.94
Now: $9.08
$9.30
50-Day Range
$8.97
MA: $9.53
$10.37
52-Week Range
$5.26
Now: $9.08
$11.43
Volume273,500 shs
Average Volume401,248 shs
Market Capitalization$373.72 million
P/E Ratio82.55
Dividend YieldN/A
Beta0.24
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile Websites, and desktop applications to verify people's identities at the point of onboarding through Web or mobile device. The company also provides Mobile Fill, a mobile identity capture solution to pre-fill forms with personal data by snapping a picture of the consumer's driver license, credit card, or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, a touch-free automated capture technology. In addition, it offers A2iA CheckReader that enables financial institutions to automatically extract data from checks; A2iA DocumentReader, a document classification and data extraction tool; A2iA TextReader that enables text transcription for printed and cursive handwritten text recognition; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is based in San Diego, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.42 out of 5 stars


Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$46.85 million
Cash Flow$0.39 per share
Book Value$2.67 per share

Profitability

Net Income$-720,000.00

Miscellaneous

Employees293
Market Cap$373.72 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock been impacted by COVID-19 (Coronavirus)?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MITK stock has increased by 18.8% and is now trading at $9.08. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mitek Systems?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mitek Systems.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Mitek Systems.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Thursday, April, 30th. The software maker reported $0.13 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.03. The software maker earned $23.20 million during the quarter, compared to the consensus estimate of $23.10 million. Mitek Systems had a net margin of 5.05% and a return on equity of 13.96%. The company's revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. View Mitek Systems' earnings history.

What price target have analysts set for MITK?

3 brokers have issued 1-year price objectives for Mitek Systems' stock. Their forecasts range from $9.00 to $12.00. On average, they expect Mitek Systems' share price to reach $10.67 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price. View analysts' price targets for Mitek Systems.

Has Mitek Systems been receiving favorable news coverage?

Media headlines about MITK stock have trended somewhat negative on Saturday, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mitek Systems earned a daily sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Mitek Systems.

Are investors shorting Mitek Systems?

Mitek Systems saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 859,700 shares, a decrease of 5.4% from the May 31st total of 908,500 shares. Based on an average daily trading volume, of 420,400 shares, the short-interest ratio is presently 2.0 days. Currently, 2.2% of the company's shares are short sold. View Mitek Systems' Current Options Chain.

Who are some of Mitek Systems' key competitors?

What other stocks do shareholders of Mitek Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), salesforce.com (CRM), Canopy Growth (CGC), Cisco Systems (CSCO), Intel (INTC) and AbbVie (ABBV).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the following people:
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 54)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 49)
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 56)
  • Mr. Todd Kehrli, Investor Contacts
  • Mr. Jason L. Gray, Chief Legal Officer, Chief Compliance Officer & Corp. Sec. (Age 48)

What is Mitek Systems' stock symbol?

Mitek Systems trades on the NASDAQ under the ticker symbol "MITK."

How do I buy shares of Mitek Systems?

Shares of MITK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $9.08.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $373.72 million and generates $46.85 million in revenue each year. The software maker earns $-720,000.00 in net income (profit) each year or $0.19 on an earnings per share basis. Mitek Systems employs 293 workers across the globe.

What is Mitek Systems' official website?

The official website for Mitek Systems is www.miteksystems.com.

How can I contact Mitek Systems?

Mitek Systems' mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The software maker can be reached via phone at 619-269-6800 or via email at [email protected]

This page was last updated on 7/11/2020 by MarketBeat.com Staff

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