How to Buy Mitek Systems Stock
Mitek Systems Inc
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally.
Mitek Systems stock last closed at $11.98, down 1.56% from the previous day, and has increased 31.07% in one year. It has overperformed other stocks in the Software - Application industry by 0.12 percentage points. Mitek Systems stock is currently +36.52% from its 52-week low of $8.78, and -26.23% from its 52-week high of $16.24.
As of Apr 18, 2024, there are 46.79M shares of MITK outstanding. The market value of MITK is $560.55M. In the past 24 hours, 958,430 MITK shares were traded.
How to Buy Mitek Systems Stock
Wondering how to invest in Mitek Systems stock? Here's how.
- Figure out where to buy Mitek Systems stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Mitek Systems stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your information.
- Analyze Mitek Systems stock: The Mitek Systems ticker symbol is MITK. Is Mitek Systems stock a good investment? Should you buy shares of MITK? How do MITK's underlying business fundamentals look? Do top analysts think Mitek Systems is a good buy? Why has MITK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if MITK is a good stock to buy).
- Execute your MITK trade: Decide if you will purchase MITK shares at the current market price or use a limit order to buy MITK stock at a given price.
- Get updates on your MITK position: Create a watchlist to track your investment in Mitek Systems stock.
Step 1: Figure out where to buy Mitek Systems stock
You need a brokerage account in order to access the NASDAQ market and buy MITK stock.
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- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to invest in MITK today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on a investment app, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Analyze Mitek Systems stock
After you have figured out the best place to buy Mitek Systems stock, it's absolutely critical to analyze their stock prior to investing, so you actually comprehend the risk and opportunity.
Mitek Systems shares at a glance
Mitek Systems Fundamentals
WallStreetZen was built to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MITK's stock page.
What is the fair value of MITK stock?
Investors use many financial metrics, analyses, models, and charts to gauge MITK's intrinsic value.
Using relative valuations metrics:
- MITK may be undervalued based on its P/B ratio of 2.62x, relative to Software - Application industry P/B ratio of 6.39x
You can do additional valuation research on MITK's stock here.
MITK Financial Health Overview
Pros:
- There are more short-term assets than long-term liabilities on the MITK balance sheet.
- There are more short-term assets than short-term liabilities on the MITK balance sheet.
Cons:
- MITK profit margin has gone down from 3.4% to -1.5% in the past year.
- MITK's operating cash flow of $16.86M allows it to safely service it's debt of $141.85M.
- MITK earnings of $5.42M is not enough to cover its interest payments.
- Total MITK debt is higher than 5 years ago, relative to shareholder equity.
- MITK has a relatively high debt to equity ratio of 0.9.
Is Mitek Systems stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give recommendations on MITK, the consensus analyst rating on MITK is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Mitek Systems stock forecast page.
MITK Trading Indicators
How are MITK Revenues/Earnings doing?
Last year, MITK revenue was $163.77M. During the last 5 year, MITK's revenue has gone up by 18.83% per year. This was slower than the Software - Application industry average of 27.61%.
You can research MITK's earnings and revenue performance here.
Latest Insiders Trades at MITK
Over the past year, insiders at MITK have bought more shares than they have sold.
David Lyle, Chief Financial Officer of MITK, was the latest MITK insider to buy. They bought $750,004.65 worth of MITK shares on Jan 2, 2024.
Research more about who owns MITK stock here.
Can I rely on MITK as an income stream?
No, Mitek Systems doesn't provide an income stream by paying out dividends.
What others are saying about MITK
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your MITK trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Get updates on your MITK position
Now that you own some MITK shares, you'll want to keep up with your shares.
Start a watchlist to get notified of the latest news about your MITK stock.
MITK Feed
How to Buy Stock in Mitek Systems
To summarize, here are the 6 steps you need to take to buy Mitek Systems stock right now:
- Figure out where to buy Mitek Systems stock
- Create your brokerage account
- Fund your brokerage account
- Analyze Mitek Systems stock
- Execute your MITK trade
- Get updates on your MITK position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Mitek Systems, add MITK to your watchlist below.
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