Mitek Systems Stock Performance
MITK Stock | USD 13.92 0.69 5.22% |
Mitek Systems has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.92, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mitek Systems will likely underperform. Mitek Systems right now secures a risk of 2.05%. Please verify Mitek Systems potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Mitek Systems will be following its current price movements.
Risk-Adjusted Performance
4 of 100
Low | High |
Very Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Mitek Systems are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite unsteady basic indicators, Mitek Systems may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
Actual Historical Performance (%)
One Day Return 5.22 | Five Day Return 10.92 | Year To Date Return 7.99 | Ten Year Return 277.24 | All Time Return 695.43 |
1 | Mitek Supercharges Financial Institutions Ability to Detect Check Fraud With MiControl | 02/15/2024 |
2 | The 10X Blueprint 3 Hidden Gems Destined for Explosive Returns | 02/27/2024 |
3 | Swiss National Bank Sells 3100 Shares of Mitek Systems, Inc. - AmericanBankingNEWS | 03/01/2024 |
4 | Acquisition by James Hale of 14098 shares of Mitek Systems at 10.64 subject to Rule 16b-3 | 03/05/2024 |
5 | Federated Hermes Inc. Sells 189336 Shares of Mitek Systems, Inc. - Defense World | 03/07/2024 |
6 | Learn to Evaluate using the Charts - Stock Traders Daily.com | 03/14/2024 |
7 | Mitek Provides Update on the Filing of Its Fiscal 2023 Annual Report on Form 10-K | 03/19/2024 |
8 | Mitek Systems, Inc. Q4 2023 Earnings Call Transcript | 03/20/2024 |
9 | Disposition of 6876 shares by Stephen Ritter of Mitek Systems subject to Rule 16b-3 | 03/27/2024 |
Begin Period Cash Flow | 30.3 M |
Mitek |
Mitek Systems Relative Risk vs. Return Landscape
If you would invest 1,304 in Mitek Systems on December 29, 2023 and sell it today you would earn a total of 88.00 from holding Mitek Systems or generate 6.75% return on investment over 90 days. Mitek Systems is currently generating 0.1277% in daily expected returns and assumes 2.0455% risk (volatility on return distribution) over the 90 days horizon. In different words, 18% of stocks are less volatile than Mitek, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
Mitek Systems Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitek Systems' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Mitek Systems, and traders can use it to determine the average amount a Mitek Systems' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0624
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Cash | Small Risk | MITK | High Risk | Huge Risk |
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Estimated Market Risk
2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mitek Systems is performing at about 4% of its full potential. 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 it to a well-diversified portfolio.
Mitek Systems Fundamentals Growth
Mitek Stock prices reflect investors' perceptions of the future prospects and financial health of Mitek Systems, and Mitek Systems fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mitek Stock performance.
Return On Equity | 0.0427 | ||||
Return On Asset | 0.0343 | ||||
Current Valuation | 627.12 M | ||||
Shares Outstanding | 46.79 M | ||||
Price To Earning | 45.71 X | ||||
Price To Book | 3.02 X | ||||
Price To Sales | 3.63 X | ||||
Revenue | 143.94 M | ||||
Gross Profit | 105.26 M | ||||
EBITDA | 27.94 M | ||||
Net Income | 3.03 M | ||||
Cash Per Share | 1.60 X | ||||
Debt To Equity | 0.75 % | ||||
Current Ratio | 2.61 X | ||||
Cash Flow From Operations | 26.35 M | ||||
Earnings Per Share | 0.17 X | ||||
Total Asset | 360.41 M | ||||
Retained Earnings | (18 M) | ||||
Current Asset | 40.31 M | ||||
About Mitek Systems Performance
To evaluate Mitek Systems Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Mitek Systems generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Mitek Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Mitek Systems market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Mitek's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.05 | 0.05 | |
Return On Assets | 0.02 | 0.02 | |
Return On Equity | 0.04 | 0.05 |
Things to note about Mitek Systems performance evaluation
Checking the ongoing alerts about Mitek Systems for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Mitek Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Mitek Systems is unlikely to experience financial distress in the next 2 years | |
Mitek Systems has a poor financial position based on the latest SEC disclosures | |
Over 77.0% of the company shares are owned by institutional investors | |
Latest headline from MacroaxisInsider: Disposition of 6876 shares by Stephen Ritter of Mitek Systems subject to Rule 16b-3 |
- Analyzing Mitek Systems' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mitek Systems' stock is overvalued or undervalued compared to its peers.
- Examining Mitek Systems' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mitek Systems' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mitek Systems' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Mitek Systems' stock. These opinions can provide insight into Mitek Systems' potential for growth and whether the stock is currently undervalued or overvalued.
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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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.
Quarterly Earnings Growth 10.323 | Earnings Share 0.17 | Revenue Per Share 3.79 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0343 |
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.