MITK Stock Overview
Provides mobile image capture and digital identity verification solutions worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Mitek Systems, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.76 |
| 52 Week High | US$16.24 |
| 52 Week Low | US$7.35 |
| Beta | 1.12 |
| 1 Month Change | 21.03% |
| 3 Month Change | 19.82% |
| 1 Year Change | -15.41% |
| 3 Year Change | -35.76% |
| 5 Year Change | 38.13% |
| Change since IPO | 2,052.00% |
Recent News & Updates
Recent updates
Mitek Systems Earnings: Strong Q4 Results Propel Stock Higher
Dec 17The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%
Aug 31
Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)
Jul 17Mitek Systems: Growth Re-Acceleration Likely Around The Corner
May 21Mitek Systems Is Fundamentally Undervalued Despite Recent Issues
Jan 10Mitek 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 15Are 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 01Shareholder Returns
| MITK | US Software | US Market | |
|---|---|---|---|
| 7D | 18.2% | -4.5% | -4.0% |
| 1Y | -15.4% | 22.9% | 24.0% |
Return vs Industry: MITK underperformed the US Software industry which returned 26.7% over the past year.
Return vs Market: MITK underperformed the US Market which returned 26.1% over the past year.
Price Volatility
| MITK volatility | |
|---|---|
| MITK Average Weekly Movement | 6.7% |
| Software Industry Average Movement | 7.8% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MITK has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MITK's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 598 | Ed West | www.miteksystems.com |
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes 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. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks.
Mitek Systems, Inc. Fundamentals Summary
| MITK fundamental statistics | |
|---|---|
| Market cap | US$490.95m |
| Earnings (TTM) | US$3.28m |
| Revenue (TTM) | US$172.08m |
147.4x
P/E Ratio2.8x
P/S RatioIs MITK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MITK income statement (TTM) | |
|---|---|
| Revenue | US$172.08m |
| Cost of Revenue | US$24.40m |
| Gross Profit | US$147.69m |
| Other Expenses | US$144.41m |
| Earnings | US$3.28m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.073 |
| Gross Margin | 85.82% |
| Net Profit Margin | 1.90% |
| Debt/Equity Ratio | 68.1% |
How did MITK perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:05 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mitek Systems, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Schappel | Benchmark Company |
| Allen Klee | B. Riley Wealth |
| Joel Fishbein | BTIG |