MITK Stock Overview
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide.
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Mitek Systems, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.18 |
| 52 Week High | US$16.24 |
| 52 Week Low | US$8.78 |
| Beta | 1.11 |
| 1 Month Change | -2.25% |
| 3 Month Change | -0.25% |
| 1 Year Change | 35.79% |
| 3 Year Change | -25.78% |
| 5 Year Change | 4.28% |
| Change since IPO | 2,336.00% |
Recent News & Updates
Recent updates
Mitek 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 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 27Shareholder Returns
| MITK | US Software | US Market | |
|---|---|---|---|
| 7D | -16.7% | -4.9% | -3.7% |
| 1Y | 35.8% | 37.8% | 20.2% |
Return vs Industry: MITK underperformed the US Software industry which returned 37.8% over the past year.
Return vs Market: MITK exceeded the US Market which returned 20.2% over the past year.
Price Volatility
| MITK volatility | |
|---|---|
| MITK Average Weekly Movement | 5.9% |
| Software Industry Average Movement | 8.0% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: MITK has not had significant price volatility in the past 3 months.
Volatility Over Time: MITK's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 582 | Max Carnecchia | 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; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. 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$569.91m |
| Earnings (TTM) | -US$2.49m |
| Revenue (TTM) | US$163.77m |
3.5x
P/S Ratio-228.7x
P/E RatioIs MITK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MITK income statement (TTM) | |
|---|---|
| Revenue | US$163.77m |
| Cost of Revenue | US$23.42m |
| Gross Profit | US$140.35m |
| Other Expenses | US$142.84m |
| Earnings | -US$2.49m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.053 |
| Gross Margin | 85.70% |
| Net Profit Margin | -1.52% |
| Debt/Equity Ratio | 65.2% |
How did MITK perform over the long term?
See historical performance and comparison