In last trading session, Mitek Systems Inc. (NASDAQ:MITK) saw 0.34 million shares changing hands with its beta currently measuring 0.38. Company’s recent per share price level of $16.24 trading at -$0.19 or -1.16% at ring of the bell on the day assigns it a market valuation of $746.88M. That closing price of MITK’s stock is at a discount of -43.41% from its 52-week high price of $23.29 and is indicating a premium of 16.75% from its 52-week low price of $13.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.31 million shares which gives us an average trading volume of 398.62K if we extend that period to 3-months.
For Mitek Systems Inc. (MITK), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.16 in the current quarter.
Mitek Systems Inc. (NASDAQ:MITK) trade information
Upright in the red during last session for losing -1.16%, in the last five days MITK remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $16.24 price level, adding 6.29% to its value on the day. Mitek Systems Inc.’s shares saw a change of -8.51% in year-to-date performance and have moved -0.67% in past 5-day. Mitek Systems Inc. (NASDAQ:MITK) showed a performance of -5.31% in past 30-days. Number of shares sold short was 3.28 million shares which calculate 6.96 days to cover the short interests.
Mitek Systems Inc. (MITK) estimates and forecasts
Statistics highlight that Mitek Systems Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.72% of value to its shares in past 6 months, showing an annual growth rate of 10.53% while that of industry is 0.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 14.30% in the current quarter and calculating 31.20% increase in the next quarter. This year revenue growth is estimated to rise 15.40% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $28.68 million for the same. And 5 analysts are in estimates of company making revenue of $33.69 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 25.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -3.70% while estimates for its earnings growth in next 5 years are of 15.00%.
Mitek Systems Inc. is more likely to be releasing its next quarterly report between January 26 and January 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Mitek Systems Inc. (NASDAQ:MITK)’s Major holders
Insiders are in possession of 3.17% of company’s total shares while institution are holding 68.22 percent of that, with stock having share float percentage of 70.46%. Investors also watch the number of corporate investors in a company very closely, which is 68.22% institutions for Mitek Systems Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at MITK for having 3.22 million shares of worth $59.65 million. And as of Sep 29, 2021, it was holding 7.23% of the company’s outstanding shares.
The second largest institutional holder is Legal & General Group PLC, which was holding about 2.88 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.45% of outstanding shares, having a total worth of $53.23 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.17 million shares of worth $21.65 million or 2.62% of the total outstanding shares. The later fund manager was in possession of 0.99 million shares on Oct 30, 2021, making its stake of worth around $18.73 million in the company or a holder of 2.23% of company’s stock.