The price-to-earnings ratio for Mitek Systems Inc (NASDAQ: MITK) is above average at 82.79x, Company’s 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MITK is 43.98M, and currently, short sellers hold a 6.92% ratio of that floaft. The average trading volume of MITK on April 18, 2025 was 507.92K shares.
MITK) stock’s latest price update
Mitek Systems Inc (NASDAQ: MITK) has seen a decline in its stock price by -1.67 in relation to its previous close of 7.78. However, the company has experienced a 1.06% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-03-08 that MITK, a digital identity verification software company, faces a secular growth opportunity driven by rising AI-based identity fraud, particularly benefiting its new product, Check Fraud Defender (CFD). Despite recent underperformance, I assign MITK a buy rating with a $10.6 target price, projecting a 15% upside by FY 2025. Slowed revenue growth resulting in net losses created appearance of underperformance due to revenue timing issues. But no meaningful structural issues exist. Balance sheet remains strong.
MITK’s Market Performance
MITK’s stock has risen by 1.06% in the past week, with a monthly drop of -16.03% and a quarterly drop of -23.27%. The volatility ratio for the week is 3.13% while the volatility levels for the last 30 days are 4.68% for Mitek Systems Inc The simple moving average for the last 20 days is -5.74% for MITK stock, with a simple moving average of -20.26% for the last 200 days.
Analysts’ Opinion of MITK
Many brokerage firms have already submitted their reports for MITK stocks, with Jefferies repeating the rating for MITK by listing it as a “Hold.” The predicted price for MITK in the upcoming period, according to Jefferies is $9.50 based on the research report published on September 04, 2024 of the previous year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see MITK reach a price target of $17. The rating they have provided for MITK stocks is “Buy” according to the report published on December 14th, 2023.
Jefferies gave a rating of “Buy” to MITK, setting the target price at $13 in the report published on October 31st of the previous year.
MITK Trading at -14.49% from the 50-Day Moving Average
After a stumble in the market that brought MITK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.58% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -15.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.23% lower at present.
During the last 5 trading sessions, MITK rose by +1.06%, which changed the moving average for the period of 200-days by -31.14% in comparison to the 20-day moving average, which settled at $8.12. In addition, Mitek Systems Inc saw -31.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MITK starting from ROSSI MARK, who purchase 5,000 shares at the price of $9.05 back on Mar 06 ’25. After this action, ROSSI MARK now owns 33,744 shares of Mitek Systems Inc, valued at $45,275 using the latest closing price.
ROSSI MARK, the Director of Mitek Systems Inc, purchase 2,500 shares at $8.91 during a trade that took place back on Mar 07 ’25, which means that ROSSI MARK is holding 36,244 shares at $22,275 based on the most recent closing price.
Stock Fundamentals for MITK
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.92 for the gross margin
The net margin for Mitek Systems Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 2.15, with 1.11 for asset returns.
Based on Mitek Systems Inc (MITK), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 1.13.
Currently, EBITDA for the company is 25.26 million with net debt to EBITDA at 2.06. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.59.
Conclusion
In a nutshell, Mitek Systems Inc (MITK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
