MITK Stock Overview
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
NewNotes are coming soon
Mitek Systems, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.36 |
| 52 Week High | US$16.35 |
| 52 Week Low | US$8.32 |
| Beta | 0.79 |
| 1 Month Change | 2.27% |
| 3 Month Change | -2.72% |
| 1 Year Change | -35.13% |
| 3 Year Change | 9.00% |
| 5 Year Change | 38.13% |
| Change since IPO | 1,972.00% |
Recent News & Updates
Recent updates
Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Sep 27Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed
Aug 17Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot
Aug 03Is Mitek Systems (NASDAQ:MITK) A Risky Investment?
Jul 15
Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?
Jun 02Mitek's Legal Overhang Sees No Development, Declines Unjustified
May 10Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down
May 01We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease
Apr 11Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)
Feb 24Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power
Jan 27Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains
Dec 22Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet
Oct 21I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease
Sep 03Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business
Aug 20Mitek Systems: A Breakout Quarter Adds To The Bullish Case
Jul 31Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate
Jul 27Mitek Systems gets new finance head
Jun 08With EPS Growth And More, Mitek Systems (NASDAQ:MITK) Is Interesting
May 16Does Mitek Systems (NASDAQ:MITK) Have A Healthy Balance Sheet?
May 04What Kind Of Shareholders Own Mitek Systems, Inc. (NASDAQ:MITK)?
Mar 16Mitek Systems, Inc.'s (NASDAQ:MITK) Earnings Haven't Escaped The Attention Of Investors
Mar 01Can Mitek Systems (NASDAQ:MITK) Continue To Grow Its Returns On Capital?
Feb 13
Mitek prices $135M convertible debt offering
Feb 03Results: Mitek Systems, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Jan 31Mitek Systems, Inc. 2021 Q1 - Results - Earnings Call Presentation
Jan 29Mitek Systems, Inc.'s (NASDAQ:MITK) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Jan 22Here's Why Mitek Systems's (NASDAQ:MITK) Statutory Earnings Are Arguably Too Conservative
Jan 04Mitek Systems: A Strong Bet On Digital Identification Verification
Dec 26Is Mitek Systems, Inc. (NASDAQ:MITK) Trading At A 37% Discount?
Dec 17Mitek Systems's CFO Davidson to retire
Dec 04Did Business Growth Power Mitek Systems' (NASDAQ:MITK) Share Price Gain of 135%?
Nov 29Shareholder Returns
| MITK | US Software | US Market | |
|---|---|---|---|
| 7D | 5.1% | 2.6% | 0.9% |
| 1Y | -35.1% | -21.1% | -10.9% |
Return vs Industry: MITK underperformed the US Software industry which returned -20% over the past year.
Return vs Market: MITK underperformed the US Market which returned -9.6% over the past year.
Price Volatility
| MITK volatility | |
|---|---|
| MITK Average Weekly Movement | 6.8% |
| Software Industry Average Movement | 9.3% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 17.5% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: MITK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MITK's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 442 | Max Carnecchia | https://www.miteksystems.com |
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company’s solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications.
Mitek Systems, Inc. Fundamentals Summary
| MITK fundamental statistics | |
|---|---|
| Market Cap | US$462.89m |
| Earnings (TTM) | US$6.76m |
| Revenue (TTM) | US$139.79m |
68.5x
P/E Ratio3.3x
P/S RatioIs MITK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MITK income statement (TTM) | |
|---|---|
| Revenue | US$139.79m |
| Cost of Revenue | US$14.45m |
| Gross Profit | US$125.34m |
| Other Expenses | US$118.59m |
| Earnings | US$6.76m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.15 |
| Gross Margin | 89.67% |
| Net Profit Margin | 4.83% |
| Debt/Equity Ratio | 71.9% |
How did MITK perform over the long term?
See historical performance and comparison