Mitek Systems Stock Today
| MITK Stock | USD 12.17 1.22 9.11% |
Performance0 of 100
| Odds Of DistressLess than 14
|
Mitek Systems is selling for 12.17 as of the 18th of April 2024. This is a -9.11 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 12.01. Mitek Systems has less than a 14 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Mitek Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of January 2024 and ending today, the 18th of April 2024. Click here to learn more.
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California. The company has 46.79 M outstanding shares of which 3.54 M shares are now shorted by private and institutional investors with about 7.86 trading days to cover. More on Mitek Systems
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Follow Valuation Odds of Bankruptcy
Fiscal Year End 4th of July 2024
Mitek Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mitek Systems' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mitek Systems or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | James DeBello |
| Thematic Idea | Computers (View all Themes) |
| Business Concentration | Computers, Software - Application, Technology, Information Technology, Software, Software—Application, Technology, Computing (View all Sectors) |
Mitek Systems (MITK) is traded on NASDAQ Exchange in USA. It is located in 600 B Street, San Diego, CA, United States, 92101 and employs 573 people. Mitek Systems is listed under Computers category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 626.53 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mitek Systems's market, we take the total number of its shares issued and multiply it by Mitek Systems's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mitek Systems conducts business under Software sector and is part of Information Technology industry. The entity has 46.79 M outstanding shares of which 3.54 M shares are now shorted by private and institutional investors with about 7.86 trading days to cover.
Mitek Systems currently holds about 71.05 M in cash with 26.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.6.
Check Mitek Systems Probability Of Bankruptcy
Ownership AllocationMitek Systems holds a total of 46.79 Million outstanding shares. The majority of Mitek Systems outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mitek Systems to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mitek Systems. Please pay attention to any change in the institutional holdings of Mitek Systems as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Mitek Ownership Details
Mitek Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Mitek Systems jumping above the current price in 90 days from now is about 68.97%. The Mitek Systems probability density function shows the probability of Mitek Systems stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Mitek Systems has a beta of 0.6122. This indicates as returns on the market go up, Mitek Systems average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mitek Systems will be expected to be much smaller as well. Additionally, mitek Systems has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Mitek Systems to move above the current price in 90 days from now is about 68.97 (This Mitek Systems probability density function shows the probability of Mitek Stock to fall within a particular range of prices over 90 days) .
Mitek Systems Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mitek Systems market risk premium is the additional return an investor will receive from holding Mitek Systems long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mitek Systems. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mitek Systems' alpha and beta are two of the key measurements used to evaluate Mitek Systems' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.01) |
Mitek Stock Against Markets
Picking the right benchmark for Mitek Systems stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mitek Systems stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mitek Systems is critical whether you are bullish or bearish towards Mitek Systems at a given time. Please also check how Mitek Systems' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mitek Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Mitek Systems Corporate Directors
Mitek Systems corporate directors refer to members of a Mitek Systems board of directors. The board of directors generally takes responsibility for the Mitek Systems' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mitek Systems' board members must vote for the resolution. The Mitek Systems board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Hale | Director | Profile | |
| Bruce Hansen | Independent Director | Profile | |
| William Aulet | Independent Director | Profile | |
| Kenneth Denman | Director | Profile |
How to buy Mitek Stock?
Before investing in Mitek Systems, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mitek Systems. To buy Mitek Systems stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mitek Systems. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mitek Systems stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mitek Systems stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mitek Systems stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mitek Systems, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy Mitek Stock please use our How to Invest in Mitek Systems guide.
Already Invested in Mitek Systems?
The danger of trading Mitek Systems is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mitek Systems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mitek Systems. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mitek Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Mitek Stock analysis
When running Mitek Systems' price analysis, check to measure Mitek Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mitek Systems is operating at the current time. Most of Mitek Systems' value examination focuses on studying past and present price action to predict the probability of Mitek Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitek Systems' price. Additionally, you may evaluate how the addition of Mitek Systems to your portfolios can decrease your overall portfolio volatility.
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Is Mitek Systems' industry 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.
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.