Mitek Systems Stock Forecast - Day Typical Price

MITK Stock  USD 9.32  0.02  0.22%   
Mitek Stock Forecast is based on your current time horizon. Although Mitek Systems' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mitek Systems' systematic risk associated with finding meaningful patterns of Mitek Systems fundamentals over time.
  
At this time, Mitek Systems' Payables Turnover is quite stable compared to the past year. Receivables Turnover is expected to rise to 4.13 this year, although the value of Inventory Turnover will most likely fall to 8.55. . Common Stock Shares Outstanding is expected to rise to about 56.1 M this year. Net Income Applicable To Common Shares is expected to rise to about 10.2 M this year.
On November 25, 2024 Mitek Systems had Day Typical Price of 9.54. Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
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Mitek Systems Trading Date Momentum

On November 26 2024 Mitek Systems was traded for  9.32  at the closing time. The top price for the day was 9.53  and the lowest listed price was  9.28 . The trading volume for the day was 311.1 K. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.82% . The trading delta at closing time against the current closing price is 3.02% .
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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Other Forecasting Options for Mitek Systems

For every potential investor in Mitek, whether a beginner or expert, Mitek Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mitek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mitek. Basic forecasting techniques help filter out the noise by identifying Mitek Systems' price trends.

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 Risk & Return  Correlation

Mitek Systems Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Mitek Systems' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Mitek Systems' current price.

Mitek Systems Market Strength Events

Market strength indicators help investors to evaluate how Mitek Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mitek Systems shares will generate the highest return on investment. By undertsting and applying Mitek Systems stock market strength indicators, traders can identify Mitek Systems entry and exit signals to maximize returns.

Mitek Systems Risk Indicators

The analysis of Mitek Systems' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Mitek Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mitek stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
Check out Historical Fundamental Analysis of Mitek Systems to cross-verify your projections.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(0.14)
Revenue Per Share
3.59
Quarterly Revenue Growth
0.044
Return On Assets
(0.01)
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.