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How to buy Mitek Systems (MITK) stocks in Canada

Learn how to easily invest in Mitek Systems stocks.

Mitek Systems is a software-application business based in the US. Mitek Systems stocks (MITK.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $18.64 – a decrease of 5.54% over the previous week. Mitek Systems employs 435 staff and has a trailing 12-month revenue of around $119.8 million.

How to buy shares in Mitek Systems

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – MITK – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Mitek Systems stock price (NASDAQ:MITK)

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

Mitek Systems shares at a glance

Information last updated 2022-01-17.
Latest market close$15.34
52-week range$13.52 - $23.29
50-day moving average $17.18
200-day moving average $18.27
Wall St. target price$25.75
PE ratio 90.2222
Dividend yield N/A (0%)
Earnings per share (TTM) $0.18

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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.

Mitek Systems price performance over time

Historical closes compared with the close of $15.34 from 2022-01-21

1 week (2022-01-14) -5.54%
1 month (2021-12-23) -8.53%
3 months (2021-10-22) -20.15%
6 months (2021-07-23) -20.85%
1 year (2021-01-22) -18.58%
2 years (2020-01-24) 67.28%
3 years (2019-01-24) 38.95%
5 years (2017-01-24) 130.68%

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 90x. In other words, Mitek Systems shares trade at around 90x 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 $31.9 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 $119.8 million
Operating margin TTM 19.39%
Gross profit TTM $105.3 million
Return on assets TTM 4.93%
Return on equity TTM 4.91%
Profit margin 6.66%
Book value $4.37
Market capitalisation $724.7 million

TTM: trailing 12 months

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 $13.52 up to $23.29. 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 0.3649. 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 web browsers to facilitate digital consumer experiences. 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, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images.

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