Mitek Systems, Inc. (MITK) Stock: Is This Technology Stock Worth Your Investment?


Mitek Systems, Inc. (MITK) is falling in the market today. The stock, one that is focused on the tech industry, is currently priced at $8.10 after heading down -17.35% so far today. As it relates to technology companies, there are quite a few aspects that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines surrounding MITK:

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Nov-08-19 06:07PM Edited Transcript of MITK earnings conference call or presentation 7-Nov-19 9:30pm GMT
Nov-07-19 04:05PM Mitek Reports Record Fiscal Year 2019 with 33% Revenue Growth and 57% Increase in Non-GAAP Net Income
Nov-05-19 09:29AM Stocks That Would Have Made You Rich Today
Oct-31-19 02:05PM Is Mitek Systems, Inc. (MITK) A Good Stock To Buy?
10:34AM Mitek Systems (MITK) Earnings Expected to Grow: Should You Buy?

However, when making a decision to invest, prospective investors should look at far more than news, especially in the ever evolving tech industry. Here’s what’s going on with Mitek Systems, Inc..

Recent Trends From MITK

While a move down in a single session, like what we’re seeing from Mitek Systems, Inc. might cause fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always smart to take a look at trends just a single trading session. When it comes to MITK, here are the movements that we’ve seen:

  • Past 5 Trading Sessions – Over the last week, MITK has seen a change in value amounting to -15.63%.
  • Past 30 Days – The monthly ROI from Mitek Systems, Inc. works out to -19.64%.
  • Past Quarter – Throughout the last quarter, the company has produced a ROI that works out to -16.15%
  • Bi-Annually – In the last 6 months, we’ve seen a change that equates to -21.89% from the company.
  • YTD – Since the the first trading session of this year MITK has generated a return on investment of -25.07%.
  • Annually – Finally, throughout the past full year, investors have seen a change of -12.53% from MITK. In this period of time, the stock has traded at a high of -38.03% and a low price of -7.00%.

Ratios Of Note

Looking at a few ratios having to do with a stock can give investors an understanding of just how dangerous and/or potentially profitable a pick might be. Here are a few of the most important ratios to look at when looking at MITK.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it shows that more investors have a belief that the stock is headed for declines. In general, strong technology stocks can come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to Mitek Systems, Inc., the stock’s short ratio is 4.36.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts when they come due using quick assets or current assets. In the tech industry, several companies rely heavily on continued support from investors as they work to bring new technologies to market, these ratios can look bad. However, quite a few better companies in the tech sector do have strong current and quick ratios. As it relates to MITK, the quick and current ratios total up to 2.20 and 2.20 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this case, that ratio comes in at 2.59.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio comes to 0.69.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MITK, here’s what we’re seeing:

Institutions own 65.90% of the company. Institutional interest has moved by -0.41% over the past three months. When it comes to insiders, those who are close to the company currently own 1.60% percent of MITK shares. Institutions have seen ownership changes of an accumulative -6.32% over the last three months.

Analyst Opinions With Regard To Mitek Systems, Inc.

Although it’s not a good idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own before making investment decisions in the tech space. Below you’ll find the most recent moves that we’ve seen from analysts as it relates to MITK.

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May-02-19 Reiterated The Benchmark Company Buy $15 → $14
Nov-27-18 Upgrade The Benchmark Company Hold → Buy $12
Aug-28-18 Downgrade The Benchmark Company Buy → Hold
Jul-24-17 Reiterated The Benchmark Company Buy $10 → $12
Jul-12-16 Upgrade Needham Hold → Buy $9.50

Financial Performance

What have ween seen from MITK in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that Mitek Systems, Inc. will generate earnings per diluted share coming to a total of 0.50, with 0.18 to be reported in the earnings report for the current quarter. Although this is not based on earnings, because we’re talking on the topic of Wall Street analysts, Mitek Systems, Inc. is presently graded as a 1.60 when rated on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst grade and 5 is the best possible.
  • 5-Year Sales – Throughout the past 5 years, Mitek Systems, Inc. has announced a change in sales that comes to a total of 33.80%. Earnings per share through the period have generated a change of 6.10%.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is commonly represented in today’s society, MITK has created a earnings change by 96.80%. MITK has also moved the needle in regard to sales that comes to a total of 36.00%.

What’s The Float Looking Like?

Traders and investors seem to have a heavy interest in the counts of shares both outstanding and available. As far as Mitek Systems, Inc., there are currently 40.34M and there is a float of 38.84M. This means that of the total of 40.34M shares of MITK currently in existence today, 38.84M are able to be traded in the public space.

It’s also important to dig into the short float. After all, if a large percentage of the float available for trading is sold short, the overall feeling among investors is that the stock is going to fall hard. As far as it relates to MITK, the short percentage of the float is currently 2.33%. In general, concerning short percent of the float is any percentage over 40%. Through my work, I’ve found that any short ratio over 26% is usually a risky play.

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