Mitek Systems Stock Performance
| MITK Stock | USD 9.55 0.14 1.49% |
On a scale of 0 to 100, Mitek Systems holds a performance score of 9. The company secures a Beta (Market Risk) of 1.41, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mitek Systems will likely underperform. Please check Mitek Systems' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Mitek Systems' current price movements will revert.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Mitek Systems are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite quite abnormal basic indicators, Mitek Systems disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 1.49 | Five Day Return 2.14 | Year To Date Return (25.91) | Ten Year Return 160.93 | All Time Return 445.71 |
1 | Mitek Systems Alogent Team Up to Combat Check Fraud | 08/22/2024 |
2 | Concerned Stockholder Group Votes Against the Re-Election of Mitek Systems Board of Directors | 09/05/2024 |
3 | Acquisition by Gupta Rahul of 20988 shares of Mitek Systems at 8.1 subject to Rule 16b-3 | 09/10/2024 |
4 | Mitek Systems, Inc. Shares Sold by Sargent Investment Group LLC | 09/17/2024 |
5 | Mitek Announces Inducement Grants Under Nasdaq Listing Rule 5635 | 10/01/2024 |
6 | Insider Trading | 10/03/2024 |
7 | Mitek Systems Inc Q3 2024 Earnings Call Highlights Revenue Growth Amidst Identity ... | 10/09/2024 |
8 | Disposition of 40000 shares by Hale James C Iii of Mitek Systems at 2.66 subject to Rule 16b-3 | 10/11/2024 |
9 | Is Mitek Systems, Inc. the Best Oversold Tech Stock to Buy Right Now | 10/28/2024 |
10 | Acquisition by Fay James Daniel of 18867 shares of Mitek Systems subject to Rule 16b-3 | 11/08/2024 |
| Begin Period Cash Flow | 32.1 M |
Mitek |
Mitek Systems Relative Risk vs. Return Landscape
If you would invest 816.00 in Mitek Systems on August 14, 2024 and sell it today you would earn a total of 139.00 from holding Mitek Systems or generate 17.03% return on investment over 90 days. Mitek Systems is currently generating 0.2753% in daily expected returns and assumes 2.275% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of stocks are less volatile than Mitek, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Mitek Systems Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitek Systems' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Mitek Systems, and traders can use it to determine the average amount a Mitek Systems' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.121
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MITK | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.28 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Mitek Systems is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mitek Systems by adding it to a well-diversified portfolio.
Mitek Systems Fundamentals Growth
Mitek Stock prices reflect investors' perceptions of the future prospects and financial health of Mitek Systems, and Mitek Systems fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Mitek Stock performance.
| Return On Equity | -0.0323 | ||||
| Return On Asset | -0.007 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 462.86 M | ||||
| Shares Outstanding | 46.2 M | ||||
| Price To Earning | 45.71 X | ||||
| Price To Book | 2.10 X | ||||
| Price To Sales | 2.65 X | ||||
| Revenue | 172.55 M | ||||
| Gross Profit | 105.26 M | ||||
| EBITDA | 40.56 M | ||||
| Net Income | 8.03 M | ||||
| Cash And Equivalents | 71.05 M | ||||
| Cash Per Share | 1.60 X | ||||
| Total Debt | 140.28 M | ||||
| Debt To Equity | 0.75 % | ||||
| Current Ratio | 2.61 X | ||||
| Book Value Per Share | 4.54 X | ||||
| Cash Flow From Operations | 31.59 M | ||||
| Earnings Per Share | (0.14) X | ||||
| Market Capitalization | 441.25 M | ||||
| Total Asset | 405.38 M | ||||
| Retained Earnings | (9.31 M) | ||||
| Working Capital | 138.51 M | ||||
| Current Asset | 40.31 M | ||||
| Current Liabilities | 8.33 M | ||||
About Mitek Systems Performance
By examining Mitek Systems' fundamental ratios, stakeholders can obtain critical insights into Mitek Systems' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Mitek Systems is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 64.25 | 41.92 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.05 | 0.05 |
Things to note about Mitek Systems performance evaluation
Checking the ongoing alerts about Mitek Systems for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Mitek Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Mitek Systems has a poor financial position based on the latest SEC disclosures | |
| Over 79.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Fay James Daniel of 18867 shares of Mitek Systems subject to Rule 16b-3 |
- Analyzing Mitek Systems' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Mitek Systems' stock is overvalued or undervalued compared to its peers.
- Examining Mitek Systems' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Mitek Systems' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mitek Systems' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Mitek Systems' stock. These opinions can provide insight into Mitek Systems' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Application Software space 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 (0.94) | Earnings Share (0.14) | Revenue Per Share 3.59 | Quarterly Revenue Growth 0.044 | Return On Assets (0.01) |
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.