Mitek Systems Inc (MITK)

NASDAQ
Currency in USD
10.04
-0.27(-2.62%)
Real-time Data
MITK Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
9.9610.39
52 wk Range
7.3516.24
Key Statistics
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Prev. Close
10.31
Open
10.22
Day's Range
9.96-10.39
52 wk Range
7.35-16.24
Volume
369.2K
Average Vol. (3m)
604.7K
1-Year Change
-14.65%
Book Value / Share
4.65
Fair Value
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Fair Value Upside
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MITK Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
12.70
Upside
+26.49%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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Mitek Systems Inc Company Profile

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes 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 offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted consortium designed to combat 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. In addition, it provides MiVIP, an end-to-end identity verification solution designed for KYC process; and MiPass, an authentication solution, including facial and voice biometrics to safeguard against sophisticated fraud techniques. Further, the company provides IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

Employees
582

Mitek Systems Inc Earnings Call Summary for Q4/2024

  • Q4 EPS of $0.33 beats $0.17 forecast; revenue reaches $43.2M, up 15% YoY
  • Stock rises 11%+ post-earnings; company maintains $141.8M cash position
  • FY2025 revenue guidance: $170M-$180M; aims for 50% SaaS revenue by FY2026
  • Focus on organic growth, operational discipline, and product integration
  • Challenges: declining check volumes, identity market competition, U.S. market dependence
Last Updated: 12/16/2024, 06:14 PM
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Compare MITK to Peers and Sector

Metrics to compare
MITK
Peers
Sector
Relationship
P/E Ratio
137.8x2.0x11.4x
PEG Ratio
−2.350.050.01
Price / Book
2.1x3.1x2.4x
Price / LTM Sales
2.6x4.4x2.1x
Upside (Analyst Target)
29.0%22.4%26.6%
Fair Value Upside
Unlock21.8%6.1%Unlock

Analyst Ratings

5 Buy
1 Hold
0 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 12.70

(+26.49% Upside)

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FAQ

What Is the Mitek (MITK) Stock Price Today?

The Mitek stock price today is 10.04

What Stock Exchange Does Mitek Trade On?

Mitek is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Mitek?

The stock symbol for Mitek is "MITK."

What Is the Mitek Market Cap?

As of today, Mitek market cap is 451.42M.

What is Mitek Earnings Per Share?

The Mitek EPS is 0.07.

What Is the Next Mitek Earnings Date?

Mitek will release its next earnings report on Jan 29, 2025.

From a Technical Analysis Perspective, Is MITK a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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