Mitek Systems Inc (NASDAQ:MITK) price is hovering lower on Wednesday, April 17, dropping -4.65% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $13.39. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.24 and 52-week low of $8.77. The stock added 4.66% on its value in the past month.
Mitek Systems Inc, which has a market valuation of $597.41 million. Analysts tracking MITK have forecast the quarterly EPS to grow by 0.26 per share this quarter, while the same analysts predict the annual EPS to hit $1 for the year 2024 and up to $1.18 for 2025. In this case, analysts estimate an annual EPS growth of 5.30% for the year and 18.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $46.23 million, with the likely lows of $45 million and highs of $46.73 million. Staying with the analyst view, there is a consensus estimate of $181.71 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 5.30% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and no downward reviews. On the technical perspective front, indicators give MITK a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that MITK’s price is at present -7.48% off the SMA20 and 0.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.71, with weekly volatility standing at 5.90%. The indicator jumps to 4.88% when calculated based on the past 30 days. Mitek Systems Inc (NASDAQ:MITK)’s beta value is holding at 1.11, while the average true range (ATR) indicator is currently reading 0.69.
An analysis of the Mitek Systems Inc (NASDAQ:MITK) stock in terms of its daily trading volume indicates that the 3-month average is 469.42K.
Current records show that the company has 45.59M in outstanding shares. The insiders’ percentage holdings are 3.16% of outstanding shares while the percentage share held by institutions stands at 76.87%. But the -2.09% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
