Mitek Systems Stock Price on September 30, 2022
| MITK Stock | USD 10.88 0.45 3.97% |
Below is the normalized historical share price chart for Mitek Systems extending back to November 16, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mitek Systems stands at 10.88, as last reported on the 15th of June 2024, with the highest price reaching 11.35 and the lowest price hitting 10.82 during the day.
If you're considering investing in Mitek Stock, it is important to understand the factors that can impact its price. Mitek Systems has Sharpe Ratio of -0.0472, which conveys that the firm had a -0.0472% return per unit of risk over the last 3 months. Mitek Systems exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitek Systems' Risk Adjusted Performance of 0.0019, mean deviation of 2.06, and Standard Deviation of 2.88 to check out the risk estimate we provide.
At this time, Mitek Systems' Stock Based Compensation To Revenue is quite stable compared to the past year. . At this time, Mitek Systems' Price Sales Ratio is quite stable compared to the past year. Mitek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of May 1995 | 200 Day MA 12.0431 | 50 Day MA 13.0384 | Beta 1.079 |
Mitek |
Sharpe Ratio = -0.0472
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| Negative Returns | MITK |
Estimated Market Risk
| 2.93 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mitek Systems is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mitek Systems by adding Mitek Systems to a well-diversified portfolio.
Price Book 3.3385 | Enterprise Value Ebitda 17.9892 | Price Sales 3.9672 | Shares Float 42.8 M | Wall Street Target Price 19.2 |
Mitek Systems Valuation on September 30, 2022
It is possible to determine the worth of Mitek Systems on a given historical date. On September 30, 2022 Mitek was worth 9.25 at the beginning of the trading date compared to the closed value of 9.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mitek Systems stock. Still, in general, we apply an absolute valuation method to find Mitek Systems' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mitek Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mitek Systems' related companies.
| Open | High | Low | Close | Volume | |
| 9.49 | 9.51 | 9.17 | 9.28 | 241,700 | |
09/30/2022 | 9.25 | 9.46 | 9.08 | 9.16 | 334,600 |
| 9.27 | 9.89 | 9.27 | 9.75 | 218,200 |
| Backtest Mitek Systems | | | Mitek Systems History | | | Mitek Systems Valuation | Previous | Next |
Mitek Systems Trading Date Momentum on September 30, 2022
| On October 03 2022 Mitek Systems was traded for 9.75 at the closing time. The top price for the day was 9.89 and the lowest listed price was 9.27 . The trading volume for the day was 218.2 K. The trading history from October 3, 2022 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 6.44% . The trading delta at closing time against the current closing price is 14.52% . |
Mitek Systems Fundamentals Correlations and Trends
By evaluating Mitek Systems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mitek Systems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mitek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mitek Systems Stock history
Mitek Systems investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mitek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mitek Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mitek Systems stock prices may prove useful in developing a viable investing in Mitek Systems
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 52.6 M | 55.3 M | |
| Net Income Applicable To Common Shares | 9.7 M | 10.2 M |
Mitek Systems Quarterly Net Working Capital |
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Mitek Systems Stock Technical Analysis
Mitek Systems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Mitek Systems Period Price Range
Low | September 30, 2022
| High |
9.25 | 9.16 |
Mitek Systems June 15, 2024 Market Strength
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
| Accumulation Distribution | 13440.59 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 9.27 | |||
| Day Typical Price | 9.23 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | 1.72 |
Mitek Systems Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mitek Systems' price direction in advance. Along with the technical and fundamental analysis of Mitek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mitek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0197 | |||
| Treynor Ratio | (0.03) |
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Additional Information and Resources on Investing in Mitek Stock
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 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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 (0.17) | Revenue Per Share 3.565 | Quarterly Revenue Growth 0.018 | Return On Assets (0) |
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.