Currently, there are 45.59M common shares owned by the public and among those 45.51M shares have been available to trade.
The company’s stock has a 5-day price change of -1.17% and -25.74% over the past three months. MITK shares are trading -28.53% year to date (YTD), with the 12-month market performance down to -17.08% lower. It has a 12-month low price of $7.35 and touched a high of $16.24 over the same period. MITK has an average intraday trading volume of 630.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.93%, -14.94%, and -22.65% respectively.
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Institutional ownership of Mitek Systems Inc (NASDAQ: MITK) shares accounts for 79.33% of the company’s 45.59M shares outstanding.
It has a market capitalization of $430.58M and a beta (3y monthly) value of 1.10. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.37% over the week and 4.53% over the month.
Earnings per share for the fiscal year are expected to decrease by -11.52%, and 7.74% over the next financial year.
Looking at the support for the MITK, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on December 14, 2023, with the firm’s price target at $17. Jefferies coverage for the Mitek Systems Inc (MITK) stock in a research note released on October 31, 2023 offered a Buy rating with a price target of $13. Jefferies was of a view on October 25, 2022 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on August 12, 2021, issuing a price target of $27. Jefferies on their part issued Buy rating on April 16, 2021.
