How to buy Mitek Systems stock - 18 April

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How to buy Mitek Systems stock

Own Mitek Systems stock in just a few minutes.

Mitek Systems, Inc is a software-application business based in the US. Mitek Systems shares (MITK) are listed on the NASDAQ and all prices are listed in US Dollars. Mitek Systems employs 350 staff and has a trailing 12-month revenue of around USD$105.2 million.

How to buy shares in Mitek Systems

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mitek Systems. Find the stock by name or ticker symbol: MITK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mitek Systems reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Mitek Systems, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Mitek Systems. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Mitek Systems share price

Use our graph to track the performance of MITK stocks over time.

Mitek Systems shares at a glance

Information last updated 2021-04-15.
52-week rangeUSD$7.89 - USD$19.8799
50-day moving average USD$15.1623
200-day moving average USD$14.8844
Wall St. target priceUSD$22
PE ratio 67.6256
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.219

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Mitek Systems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Mitek Systems under- or over-valued?

Valuing Mitek Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mitek Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mitek Systems's P/E ratio

Mitek Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 68x. In other words, Mitek Systems shares trade at around 68x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Mitek Systems's PEG ratio

Mitek Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2756. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Mitek Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Mitek Systems's EBITDA

Mitek Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$27.7 million.

The EBITDA is a measure of a Mitek Systems's overall financial performance and is widely used to measure a its profitability.

Mitek Systems financials

Revenue TTM USD$105.2 million
Operating margin TTM 19.06%
Gross profit TTM USD$88.1 million
Return on assets TTM 7.74%
Return on equity TTM 7.44%
Profit margin 8.95%
Book value $3.322
Market capitalisation USD$632.2 million

TTM: trailing 12 months

Shorting Mitek Systems shares

There are currently 3.9 million Mitek Systems shares held short by investors – that's known as Mitek Systems's "short interest". This figure is 4.7% down from 4.1 million last month.

There are a few different ways that this level of interest in shorting Mitek Systems shares can be evaluated.

Mitek Systems's "short interest ratio" (SIR)

Mitek Systems's "short interest ratio" (SIR) is the quantity of Mitek Systems shares currently shorted divided by the average quantity of Mitek Systems shares traded daily (recently around 705152.08711434). Mitek Systems's SIR currently stands at 5.51. In other words for every 100,000 Mitek Systems shares traded daily on the market, roughly 5510 shares are currently held short.

However Mitek Systems's short interest can also be evaluated against the total number of Mitek Systems shares, or, against the total number of tradable Mitek Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Mitek Systems's short interest could be expressed as 0.09% of the outstanding shares (for every 100,000 Mitek Systems shares in existence, roughly 90 shares are currently held short) or 0.0928% of the tradable shares (for every 100,000 tradable Mitek Systems shares, roughly 93 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Mitek Systems.

Find out more about how you can short Mitek Systems stock.

Mitek Systems share dividends

We're not expecting Mitek Systems to pay a dividend over the next 12 months.

Mitek Systems share price volatility

Over the last 12 months, Mitek Systems's shares have ranged in value from as little as $7.89 up to $19.8799. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Mitek Systems's is 0.2609. This would suggest that Mitek Systems's shares are less volatile than average (for this exchange).

Mitek Systems overview

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, and others through direct sales teams and channel partners.

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