Mitek Systems, Inc. (NASDAQ:MITK) traded at $11.96 at last check on Friday, Nov 20, making a downturn move of -1.56% on its previous day’s price.
Looking at the stock we see that its previous close was $12.15 and the beta (5Y monthly) reads 0.39 with the day’s price range being $11.90 – 12.20. The company has a 12-month trailing PE ratio of 80.81. In terms of its 52-week price range, MITK has a high of $15.1 and a low of $5.26. The company’s stock has gained about -12.06% over that past 30 days.
Mitek has a market cap of $512.25 Million and is expected to release its quarterly earnings report on November 05, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the MITK stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.11, with the EPS growth for the year declined at $0.62 for 2020 and $0.72 for next year. These figures represent -0.07% and at 0.16% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MITK stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Coming back to Mitek Systems, Inc. (NASDAQ:MITK), we note that the average 3-month trading volume was 539.45 Million, while that of the preceding 10-day period stands at 580.94 Million. Current shares outstanding are 41.78 Million.
According to data from Thomson Reuters, insiders hold 3.23% of the company’s shares while institutions hold 68.64%. The data shows that short shares as of October 29, 2020, stood at 1.26 Million at a short ratio of 2.23. This represents a 3.01% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 1.15 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +56.34% up in year-to-date price movement.