Mitek Systems Stock Buy Hold or Sell Recommendation
| MITK Stock | USD 12.65 0.05 0.39% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Mitek Systems is 'Strong Sell'. Macroaxis provides Mitek Systems buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MITK positions. The advice algorithm takes into account all of Mitek Systems' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Mitek Systems' buy or sell advice are summarized below:
Real Value 14.28 | Target Price 17.75 | Hype Value 12.65 | Market Value 12.65 | Naive Value 12.52 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Mitek Systems given historical horizon and risk tolerance towards Mitek Systems. When Macroaxis issues a 'buy' or 'sell' recommendation for Mitek Systems, the advice is generated through an automated system that utilizes algorithms and statistical models.
Mitek |
Execute Mitek Systems Buy or Sell Advice
The Mitek recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Mitek Systems. Macroaxis does not own or have any residual interests in Mitek Systems or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Mitek Systems' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Mitek Systems Trading Alerts and Improvement Suggestions
| Mitek Systems generated a negative expected return over the last 90 days | |
| Mitek Systems has a poor financial position based on the latest SEC disclosures | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from investorplace.com: Shhh 3 Secret Cybersecurity Stocks Flying Below Wall Streets Radar |
Mitek Systems Returns Distribution Density
The distribution of Mitek Systems' historical returns is an attempt to chart the uncertainty of Mitek Systems' future price movements. The chart of the probability distribution of Mitek Systems daily returns describes the distribution of returns around its average expected value. We use Mitek Systems price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Mitek Systems returns is essential to provide solid investment advice for Mitek Systems.
| Mean Return | 0.05 | Value At Risk | -3.91 | Potential Upside | 3.32 | Standard Deviation | 2.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Mitek Systems historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Mitek Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Mitek Systems is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mitek Systems backward and forwards among themselves. Mitek Systems' institutional investor refers to the entity that pools money to purchase Mitek Systems' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | B. Riley Asset Management, Llc | 2023-12-31 | 771.6 K | Impax Asset Management Group Plc | 2023-12-31 | 720.3 K | Tyro Capital Management Llc | 2023-12-31 | 708.6 K | Ranger Investment Management Lp | 2023-12-31 | 678.5 K | Goldman Sachs Group Inc | 2023-12-31 | 576 K | Renaissance Technologies Corp | 2023-12-31 | 533.7 K | Northern Trust Corp | 2023-12-31 | 417.1 K | Tocqueville Asset Management L.p. | 2023-12-31 | 396.3 K | Bank Of Montreal | 2023-12-31 | 395.3 K | Blackrock Inc | 2023-12-31 | 3.7 M | Blue Grotto Capital Llc | 2023-12-31 | 3.5 M |
Mitek Systems Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (2.4M) | (6.3M) | 2.7M | (1.7M) | (1.5M) | (1.4M) | |
| Change In Cash | 7.7M | 3.2M | 10.3M | 1.7M | 2.0M | 1.1M | |
| Free Cash Flow | 13.2M | 23.3M | 36.0M | 25.2M | 29.0M | 30.5M | |
| Depreciation | 7.9M | 8.9M | 14.5M | 14.9M | 17.2M | 18.0M | |
| Other Non Cash Items | 199K | 6.7M | 5.7M | 7.4M | 8.5M | 8.9M | |
| Capital Expenditures | 1.1M | 803K | 1.4M | 1.1M | 1.3M | 1.4M | |
| Net Income | (724K) | 7.8M | 8.0M | 3.0M | 3.5M | 3.7M | |
| End Period Cash Flow | 16.7M | 20.0M | 30.3M | 32.1M | 36.9M | 38.7M | |
| Investments | (23.9M) | (156.6M) | (3.5M) | (6.8M) | (6.1M) | (6.4M) | |
| Change To Netincome | 6.3M | 11.7M | 12.7M | 9.8M | 11.2M | 6.1M |
Mitek Systems Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Mitek Systems or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Mitek Systems' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Mitek stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 0.25 | |
σ | Overall volatility | 2.68 | |
Ir | Information ratio | -0.0043 |
Mitek Systems Volatility Alert
Mitek Systems shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Mitek Systems' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Mitek Systems' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Mitek Systems Fundamentals Vs Peers
Comparing Mitek Systems' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Mitek Systems' direct or indirect competition across all of the common fundamentals between Mitek Systems and the related equities. This way, we can detect undervalued stocks with similar characteristics as Mitek Systems or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Mitek Systems' fundamental indicators could also be used in its relative valuation, which is a method of valuing Mitek Systems by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Mitek Systems to competition |
| Fundamentals | Mitek Systems | Peer Average |
| Return On Equity | -0.0123 | -0.31 |
| Return On Asset | 0.0067 | -0.14 |
| Profit Margin | (0.02) % | (1.27) % |
| Operating Margin | (0.17) % | (5.51) % |
| Current Valuation | 611.84 M | 16.62 B |
| Shares Outstanding | 46.79 M | 571.82 M |
| Shares Owned By Insiders | 2.45 % | 10.09 % |
| Shares Owned By Institutions | 78.07 % | 39.21 % |
| Number Of Shares Shorted | 4.17 M | 4.71 M |
| Price To Earning | 45.71 X | 28.72 X |
| Price To Book | 3.34 X | 9.51 X |
| Price To Sales | 3.97 X | 11.42 X |
| Revenue | 143.94 M | 9.43 B |
| Gross Profit | 105.26 M | 27.38 B |
| EBITDA | 27.94 M | 3.9 B |
| Net Income | 3.03 M | 570.98 M |
| Cash And Equivalents | 71.05 M | 2.7 B |
| Cash Per Share | 1.60 X | 5.01 X |
| Total Debt | 134.19 M | 5.32 B |
| Debt To Equity | 0.75 % | 48.70 % |
| Current Ratio | 2.61 X | 2.16 X |
| Book Value Per Share | 4.58 X | 1.93 K |
| Cash Flow From Operations | 26.35 M | 971.22 M |
| Short Ratio | 6.79 X | 4.00 X |
| Earnings Per Share | (0.06) X | 3.12 X |
| Price To Earnings To Growth | 1.28 X | 4.89 X |
| Target Price | 19.2 | |
| Number Of Employees | 573 | 18.84 K |
| Beta | 1.11 | -0.15 |
| Market Capitalization | 591.9 M | 19.03 B |
| Total Asset | 360.41 M | 29.47 B |
| Retained Earnings | (18 M) | 9.33 B |
| Working Capital | 138.51 M | 1.48 B |
Note: Acquisition by Chris Briggs of 28635 shares of Mitek Systems at 11.35 subject to Rule 16b-3 [view details]
Mitek Systems Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Mitek . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Mitek Systems Buy or Sell Advice
When is the right time to buy or sell Mitek Systems? Buying financial instruments such as Mitek Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2020 | 2021 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 129.4M | 134.2M | 154.3M | 162.0M | Total Assets | 419.3M | 360.4M | 414.5M | 435.2M |
Use Investing Ideas to Build Portfolios
In addition to having Mitek Systems in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Business Services Thematic Idea Now
Business Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Business Services Theme or any other thematic opportunities.
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Check out Mitek Systems Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Mitek Systems' price analysis, check to measure Mitek Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mitek Systems is operating at the current time. Most of Mitek Systems' value examination focuses on studying past and present price action to predict the probability of Mitek Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitek Systems' price. Additionally, you may evaluate how the addition of Mitek Systems to your portfolios can decrease your overall portfolio volatility.
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Is Mitek Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 10.323 | Earnings Share (0.06) | Revenue Per Share 3.57 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0067 |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.