Mitek Systems Inc (NASDAQ: MITK): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Mitek Reports Record Revenue and Earnings for Fiscal 2023.

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Stocks Info

MITK belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of Mitek Systems Inc is $673.31M. A total of 0.59 million shares were traded on the day, compared to an average of 400.96K shares.

In the most recent transaction, CARNECCHIA SCIPIO MAXIMUS sold 56,113 shares of MITK for 10.86 per share on Dec 07 ’23. After the transaction, the Chief Executive Officer now owns 500,795 company shares. In a previous transaction on Dec 07 ’23, Diamond Michael E sold 7,242 shares at 10.86 per share. MITK shares that General Manager owns now total 266,304.

Among the insiders who sold shares, Briggs Christopher H disposed of 2,287 shares on Dec 07 ’23 at a per-share price of $10.86. This resulted in the SVP Identity holding 92,673 shares of MITK after the transaction. In another insider transaction, CARNECCHIA SCIPIO MAXIMUS sold 12,370 shares at $11.07 per share on Dec 01 ’23. Company shares held by the Chief Executive Officer now total 556,908.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MITK has a high of $14.23 and a low of $8.77.

As of this writing, MITK has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.13. The company reported an EPS of $0.2 in the last quarter, which was 11.10% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MITK’s latest balance sheet shows that the firm has $179.37M in Cash & Short Term Investments as of fiscal 2021. There were $129.45M in debt and $39.21M in liabilities at the time. Its Book Value Per Share was $4.50, while its Total Shareholder’s Equity was $192.83M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MITK is Buy with a score of 5.00.

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