Mitek Systems has a
performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.768, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Mitek's beta means in this case. As returns on the market increase, Mitek Systems returns are expected to increase less than the market. However, during the bear market, the loss on holding Mitek Systems will be expected to be smaller as well. Although it is important to respect
Mitek Systems price patterns, it is better to be realistic regarding the information on the equity's historical
price patterns. The philosophy towards estimating
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
Mitek Systems technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future.
Mitek Systems right now secures a risk of 2.14%. Please verify Mitek Systems
information ratio,
potential upside, as well as the
relationship between the Potential Upside and
kurtosis to decide if Mitek Systems will be following its current price movements.
The successful prediction of Mitek Systems
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Mitek Systems, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Mitek Systems based on Mitek Systems hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Mitek Systems's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Mitek Systems's related companies.
Use Technical Analysis to project Mitek expected Price
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.
A focus of Mitek Systems technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mitek Systems trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...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
The modest gains experienced by current holders of Mitek Systems may encourage institutional investors to take a closer look at the firm as it is trading at a share price of
9.84 on very low momentum in trading volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in
April. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.14. The current volatility is consistent with the ongoing market swings in
April 2023 as well as with Mitek Systems unsystematic, company-specific events.
Deferred Revenue Breakdown
Mitek Systems Deferred Revenue yearly trend continues to be quite stable with very little volatility. Deferred Revenue may rise above about 14.1
M this year. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used. Mitek Systems Deferred Revenue is quite stable at the moment as compared to the past year. The company's current value of Deferred Revenue is estimated at 14.07 Million
| 2015 | 3.65 Million |
| 2016 | 3.39 Million |
| 2017 | 5.28 Million |
| 2018 | 6.35 Million |
| 2019 | 9.57 Million |
| 2020 | 11.34 Million |
| 2022 | 13.04 Million |
| 2023 | 14.07 Million |
Will Mitek Systems growth be reasonable after the rise?
Mitek Systems latest potential upside surges over 2.97.
Mitek Systems has relatively low volatility with skewness of 1.51 and kurtosis of 5.91. 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 bullish 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 Take On Mitek Systems
Whereas other companies within the software—application industry are still a little expensive, even after the recent corrections, Mitek Systems may offer a potential longer-term growth to institutional investors. All things considered, as of the 28th of May 2023, our final 90 days buy-sell recommendation on the company is
Strong Buy. We believe Mitek Systems is
undervalued with
very small probability of bankruptcy for the next two years.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
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 Rifka Kats do not own shares of Mitek Systems. Please refer to our
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