It makes sense and dollars to buy Mitek Systems Inc (MITK) stock

With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.18 whereas the lowest price it dropped to was $13.8. The 52-week range on MITK shows that it touched its highest point at $16.24 and its lowest point at $9.28 during that stretch. It currently has a 1-year price target of $19.25. Beta for the stock currently stands at 1.10.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MITK was up-trending over the past week, with a rise of 5.98%, but this was up by 5.90% over a month. Three-month performance surged to 17.29% while six-month performance rose 35.95%. The stock gained 49.89% in the past year, while it has gained 8.74% so far this year. A look at the trailing 12-month EPS for MITK yields -0.16 with Next year EPS estimates of 1.21. For the next quarter, that number is 0.26. This implies an EPS growth rate of 2.13% for this year and 26.04% for next year.

Float and Shares Shorts:

At present, 45.59 million MITK shares are outstanding with a float of 45.31 million shares on hand for trading. On 2024-04-30, short shares totaled 4.74 million, which was 1013.0000000000001 higher than short shares on 1711584000. In addition to Mr. Scipio Maximus Carnecchia as the firm’s CEO & Director, Mr. Michael E. Diamond serves as its Senior VP & GM of Digital Banking.

Institutional Ownership:

Through their ownership of 0.73724 of MITK’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, MITK reported revenue of $46968000.0 and operating income of $1228000.0. The EBITDA in the recently reported quarter was $6716000.0 and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MITK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.