Based on the Mitek Systems Inc stock forecast from 3 analysts, the average analyst target price for Mitek Systems Inc is USD 17.75 over the next 12 months. Mitek Systems Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Mitek Systems Inc is Neutral, which is based on 5 positive signals and 6 negative signals. At the last closing, Mitek Systems Inc’s stock price was USD 13.09. Mitek Systems Inc’s stock price has changed by +5.48% over the past week, -6.57% over the past month and +46.42% over the last year.
No recent analyst target price found for Mitek Systems Inc
No recent average analyst rating found for Mitek Systems Inc
Company Overview Mitek Systems Inc
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; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. 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 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. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. 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 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. Read Less
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; Mobile Verif...Read More
Frequently Asked Questions About Mitek Systems Inc (MITK) Stock
Based on ratings from 3 analysts Mitek Systems Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 4 buy, sell and hold ratings.
Unfortunately we do not have enough data on MITK's stock to indicate if its a good dividend stock.
Based on targets from 3 analysts, the average taret price for MITK is USD 17.75 over the next 12 months. The maximum analyst target price is USD 19 while the minimum anlayst target price is USD 16.
MITK stock's Price/Earning ratio is 73.09.
Our analysis grades MITK stock's Price / Earning ratio at F. This means that MITK stock's Price/Earning ratio is above 76% of the stocks in the Software - Application sector in the NSD exchange.
Based on this MITK may be a overvalued for its sector.
The last closing price of MITK's stock was USD 13.09.
The most recent market capitalization for MITK is USD 0.59B.
Based on targets from 3 analysts, the average taret price for MITK is projected at USD 17.75 over the next 12 months.
This means that MITK's stock price may go up by +35.60% over the next 12 months.
Following are ETFs with the highest allocation to Mitek Systems Inc's stock :
As per our most recent records Mitek Systems Inc has 573 Employees.
Mitek Systems Inc's registered address is 600 B Street, San Diego, CA, United States, 92101.
You can get more information about it from Mitek Systems Inc's website at https://www.miteksystems.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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