Our advice module complements current
analysts and expert consensus on Mitek Systems. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time.
Mitek Systems dividends can provide a clue to the current value of the stock. The firm is not expected to issue dividends this year as it is trying to preserve or re-invest any of the funds available for distribution to stakeholders.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Mitek Systems income statement, its balance sheet, and the statement of cash flows. Potential Mitek Systems investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Mitek Systems investors may use each financial statement separately, they are all related. The changes in Mitek Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mitek Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Mitek Systems
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Mitek Systems performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Mitek Systems shares is the value that is considered the true value of the share. If
the intrinsic value of Mitek is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Mitek Systems. Please read more on our
fundamental analysis page.
How effective is Mitek Systems in utilizing its assets?
Mitek Systems reports assets on its Balance Sheet. It represents the amount of Mitek resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Mitek Systems aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Application Software space. To get a better handle on how balance sheet or income statements item affect Mitek volatility, please check the breakdown of all its
fundamentals.
Are Mitek Systems Earnings Expected to grow?
The
future earnings power of Mitek Systems involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Mitek Systems factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Mitek Systems
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Mitek
expected earnings.
Mitek Systems Gross Profit
Mitek Systems Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Mitek Systems previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Mitek Systems Gross Profit growth over the last 10 years. Please check Mitek Systems'
gross profit and other
fundamental indicators for more details.
Detailed Perspective On Mitek Systems
Institutional investors typically avoid acquiring a high percentage of Mitek Systems stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Mitek is distributed among investors.
Ownership Allocation
Mitek Systems holds a total of 43.92 Million outstanding shares. Over half of Mitek Systems outstanding shares are owned by
institutional investors. These institutional investors are typically referred to corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these
institutions are subject to different rules and regulation than regular investors in Mitek Systems. Please watch out for any change in the
institutional holdings of Mitek Systems as this could mean something significant has changed or 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.
| Retail Investors29.57% | | Institutions67.5% |
| Retail Investors | 29.57 |
| Insiders | 2.93 |
| Institutions | 67.5 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Mitek Systems has an asset utilization ratio of 229.0 percent. This signifies that the company is making $2.29 for each dollar of assets. An increasing asset utilization means that Mitek Systems is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets104.4 M | Assets Non Current105.5 M | Goodwill68.2 M | |
| Current Assets | 104.38 Million | 35.45 |
| Assets Non Current | 105.5 Million | 35.83 |
| Goodwill | 68.19 Million | 23.16 |
| Tax Assets | 16.34 Million | 5.55 |
Will Mitek Systems growth be viable after the surge?
Expected Short fall just dropped to -1.97, may signify upcoming price decrease. Mitek Systems has relatively low volatility with skewness of 2.07 and kurtosis of 9.47. However, we advise all investors to independently investigate Mitek Systems to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Mitek Systems' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Mitek Systems' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Final Perspective on Mitek Systems
Although few other entities under the software—application industry are still a bit expensive, Mitek Systems may offer a potential longer-term growth to traders. To conclude, as of the 31st of July 2021, we believe that at this point, Mitek Systems is very steady with
low chance of bankruptcy within the next 2 years. From a slightly different point of view, the entity appears to be
undervalued. Our up-to-date 90 days recommendation on the firm is
Strong Buy.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Mitek Systems. Please refer to our
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