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 $8.82, up 2.38% from the previous day, and has decreased 36.68% in one year. It has underperformed other stocks in the Software - Application industry by 0.09 percentage points. Mitek Systems stock is currently +6% from its 52-week low of $8.32, and -42.39% from its 52-week high of $15.31.
As of Mar 20, 2023, there are 44.68M shares of MITK outstanding. The market value of MITK is $394.08M. In the past 24 hours, 359,979 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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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.
- Input your personal info to open a new trading account.
- Send your information by pressing the "Create Account" button.
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/E ratio of 58.8x, relative to Software - Application industry P/E ratio of 146.41x
- MITK may be undervalued based on its P/B ratio of 2.22x, relative to Software - Application industry P/B ratio of 5.01x
- MITK could be undervalued based on its PEG ratio of 0.2x
You can do more valuation analysis on MITK's stock here.
Is MITK a healthy company?
Pros:
- MITK's operating cash flow of $28.34M allows it to safely service it's debt of $132.84M.
- There are more short-term assets than short-term liabilities on the MITK balance sheet.
Cons:
- MITK has a relatively high debt to equity ratio of 1.11.
- MITK profit margin has gone down from 9.5% to 4.8% in the past year.
- MITK earnings of $14.60M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the MITK balance sheet.
- Total MITK debt is higher than 5 years ago, relative to shareholder equity.
Is MITK stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give ratings on MITK, the consensus analyst rating on MITK is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent MITK Analyst Ratings
Stephanie Moore, a top 27% analyst from Jefferies assumes MITK with a strong buy rating and announces their MITK price target of $13.00, on Oct 25, 2022.
Scott Buck, a bottom 1% analyst from HC Wainwright & Co. maintains MITK with a buy rating and lowers their MITK price target from $22.00 to $19.00, on Jul 29, 2022.
You can dive deeper into what analysts are saying on the Mitek Systems stock forecast page.
Metrics for Advanced MITK Traders
MITK Growth Numbers
Last year, MITK earnings were $6.76M. During the last 5 year, MITK's earnings have gone up by 16.47% per year. This was faster than the Software - Application industry average of -0.13%.
Last year, MITK revenue was $139.79M. Over the past five year, MITK's revenue has grown by 27.09% per year. This was slower than the Software - Application industry average of 36.16%.
Find out more about MITK's earnings and revenue performance here.
Are MITK executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at MITK have bought more shares than they have sold.
Scott R. Carter, Executive Chair of MITK, was the latest MITK insider to buy. They bought $1,000,001.55 worth of MITK stock on Jan 24, 2023.
Dig into more about who owns MITK shares here.
Can I get consistent income from MITK stock?
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 find out what other community members have to say.
Step 5: Execute your MITK trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Click the Open Trade button and your broker will place the order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your MITK position
Now that you own some shares in MITK, you'll want to keep up with your investment.
Start a watchlist to monitor your MITK stock.
MITK Feed
How to Buy Stock in Mitek Systems
To reiterate, here are the 6 steps to buy Mitek Systems stock:
- 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 are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Mitek Systems, hit the button below to create your watchlist.
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