Is Mitek Systems Stock a Good Investment?
Mitek Systems Investment Advice | MITK |
- Examine Mitek Systems' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Mitek Systems' leadership team and their track record. Good management can help Mitek Systems navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Mitek Systems' business and its evolving consumer preferences.
- Compare Mitek Systems' performance and market position to its competitors. Analyze how Mitek Systems is positioned in terms of product offerings, innovation, and market share.
- Check if Mitek Systems pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Mitek Systems' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Mitek Systems stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Mitek Systems is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Mitek Systems Stock
Researching Mitek Systems' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 78.0% of the company shares are owned by institutional investors. The book value of Mitek Systems was now reported as 4.54. The company has Price/Earnings To Growth (PEG) ratio of 1.28. Mitek Systems recorded a loss per share of 0.14. The entity had not issued any dividends in recent years.
To determine if Mitek Systems is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Mitek Systems' research are outlined below:
| Mitek Systems has a poor financial position based on the latest SEC disclosures | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Blue Grotto Capital, LLC Reduces Stake in Mitek Systems Inc |
Mitek Systems uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Mitek Systems. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Mitek Systems' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 3rd of September 2024 Upcoming Quarterly Report | View | |
| 12th of September 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of July 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Mitek Systems' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Mitek Systems' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2012-02-07 | 2011-12-31 | 0.01 | 9.0E-4 | -0.0091 | 91 | ||
2019-05-01 | 2019-03-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2019-01-29 | 2018-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2018-01-25 | 2017-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2016-11-03 | 2016-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2013-05-07 | 2013-03-31 | -0.08 | -0.09 | -0.01 | 12 | ||
2023-10-26 | 2023-09-30 | 0.18 | 0.2 | 0.02 | 11 | ||
2021-04-29 | 2021-03-31 | 0.14 | 0.16 | 0.02 | 14 |
Know Mitek Systems' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Mitek Systems is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mitek Systems backward and forwards among themselves. Mitek Systems' institutional investor refers to the entity that pools money to purchase Mitek Systems' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ranger Investment Management Lp | 2024-09-30 | 758.2 K | Thompson, Siegel & Walmsley Llc | 2024-09-30 | 756.9 K | Portolan Capital Management, Llc | 2024-06-30 | 742.7 K | Silvercrest Asset Management Group Llc | 2024-06-30 | 502.6 K | Invenomic Capital Management, Lp | 2024-09-30 | 469.2 K | Nomura Holdings Inc | 2024-06-30 | 446.3 K | Ameriprise Financial Inc | 2024-06-30 | 438.9 K | Northern Trust Corp | 2024-09-30 | 430.2 K | Lsv Asset Management | 2024-09-30 | 424 K | Blackrock Inc | 2024-06-30 | 3.8 M | Vanguard Group Inc | 2024-09-30 | 3.6 M |
Mitek Systems' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 431.54 M.Market Cap |
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Mitek Systems' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.05 | 0.05 |
Determining Mitek Systems' profitability involves analyzing its financial statements and using various financial metrics to determine if Mitek Systems is a good buy. For example, gross profit margin measures Mitek Systems' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Mitek Systems' profitability and make more informed investment decisions.
Evaluate Mitek Systems' management efficiency
Return On Tangible Assets is expected to rise to 0.03 this year. Return On Capital Employed is expected to rise to 0.05 this year. At this time, Mitek Systems' Total Current Liabilities is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 489.5 M this year, although the value of Non Current Liabilities Other will most likely fall to about 2.1 M. Mitek Systems' management efficiency ratios could be used to measure how well Mitek Systems manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.06 | 4.26 | |
| Tangible Book Value Per Share | 0.34 | 0.42 | |
| Enterprise Value Over EBITDA | 12.94 | 17.69 | |
| Price Book Value Ratio | 2.14 | 2.03 | |
| Enterprise Value Multiple | 12.94 | 17.69 | |
| Price Fair Value | 2.14 | 2.03 | |
| Enterprise Value | 209.9 M | 220.4 M |
Understanding the operational decisions made by Mitek Systems management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 1.075 |
Basic technical analysis of Mitek Stock
As of the 25th of November, Mitek Systems secures the Mean Deviation of 1.61, risk adjusted performance of 0.0081, and Downside Deviation of 2.09. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mitek Systems, as well as the relationship between them.Mitek Systems' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Mitek Systems insiders, such as employees or executives, is commonly permitted as long as it does not rely on Mitek Systems' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Mitek Systems insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Mitek Systems' Outstanding Corporate Bonds
Mitek Systems issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Mitek Systems uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Mitek bonds can be classified according to their maturity, which is the date when Mitek Systems has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Mitek Systems' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Mitek Systems' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0081 | |||
| Market Risk Adjusted Performance | 0.0066 | |||
| Mean Deviation | 1.61 | |||
| Semi Deviation | 2.03 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 48026.6 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.87 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.34 | |||
| Downside Variance | 4.37 | |||
| Semi Variance | 4.13 | |||
| Expected Short fall | (1.83) | |||
| Skewness | 0.221 | |||
| Kurtosis | 2.33 |
| Risk Adjusted Performance | 0.0081 | |||
| Market Risk Adjusted Performance | 0.0066 | |||
| Mean Deviation | 1.61 | |||
| Semi Deviation | 2.03 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 48026.6 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.87 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.34 | |||
| Downside Variance | 4.37 | |||
| Semi Variance | 4.13 | |||
| Expected Short fall | (1.83) | |||
| Skewness | 0.221 | |||
| Kurtosis | 2.33 |
Consider Mitek Systems' intraday indicators
Mitek Systems intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Mitek Systems stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Mitek Systems Corporate Filings
| 14th of November 2024 Other Reports | ViewVerify | |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 22nd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 11th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Mitek Stock media impact
Far too much social signal, news, headlines, and media speculation about Mitek Systems that are available to investors today. That information is available publicly through Mitek media outlets and privately through word of mouth or via Mitek internal channels. However, regardless of the origin, that massive amount of Mitek data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Mitek Systems news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Mitek Systems relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Mitek Systems' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Mitek Systems alpha.
Mitek Systems Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Mitek Systems can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Mitek Systems Corporate Management
| Jason JD | Chief Officer | Profile | |
| Scott Marcus | G Counsel | Profile | |
| David Lyle | Chief Officer | Profile | |
| Michael Diamond | Chief Revenue Officer | Profile | |
| Stephen Ritter | Chief Officer | Profile | |
| Frank Teruel | CFO VP | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.
In summary, please note that there is a difference between Mitek Systems' value and its price, as these two are different measures arrived at by various 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.