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NASDAQ: MITK
Mitek Systems Inc Stock

$12.68+0.50 (+4.11%)
Updated Apr 22, 2024
MITK Price
$12.68
Fair Value Price
$29.56
Market Cap
$593.30M
52 Week Low
$8.78
52 Week High
$16.24
P/E
-211.33x
P/B
2.78x
P/S
3.69x
PEG
N/A
Dividend Yield
N/A
Revenue
$163.77M
Earnings
-$2.50M
Gross Margin
85.7%
Operating Margin
3.31%
Profit Margin
-1.5%
Debt to Equity
0.9
Operating Cash Flow
$17M
Beta
0.92
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

MITK Overview

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers 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 provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; 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. 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 that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

Zen Score

Industry Average (28)
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Due Diligence Checks

MITK ($12.68) is undervalued by 57.11% relative to our estimate of its Fair Value price of $29.56 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MITK ($12.68) is significantly undervalued by 57.11% relative to our estimate of its Fair Value price of $29.56 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
MITK is unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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MITK News

Valuation

MITK fair value

Fair Value of MITK stock based on Discounted Cash Flow (DCF)
Price
$12.68
Fair Value
$29.56
Undervalued by
57.11%
MITK ($12.68) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MITK ($12.68) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MITK is unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

MITK price to earnings (PE)

For valuing profitable companies with steady earnings
Company
-211.33x
Industry
100.33x
Market
41x

MITK price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
2.78x
Industry
6.39x
MITK is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MITK's financial health

Profit margin

Revenue
$36.9M
Net Income
-$5.8M
Profit Margin
-15.7%
MITK's Earnings (EBIT) of $5.42M... subscribe to Premium to read more.
Interest Coverage Financials
MITK's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$405.4M
Liabilities
$191.6M
Debt to equity
0.9
MITK's short-term assets ($185.96M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
MITK's short-term assets ($185.96M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
MITK's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
MITK's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$9.5M
Investing
$17.9M
Financing
-$3.1M
MITK's operating cash flow ($16.86M)... subscribe to Premium to read more.
Debt Coverage Financials

MITK vs App Stocks

TickerMarket Cap1d %P/EP/B
MITK$593.30M+4.11%-211.33x2.78x
SMWB$593.81M-2.58%-19.87x38.19x
WALD$596.25M+1.10%-0.97x0.97x
HKD$589.65M0.00%13.75x1.29x
VMEO$588.15M-0.85%26.92x1.54x

Mitek Systems Stock FAQ

What is Mitek Systems's quote symbol?

(NASDAQ: MITK) Mitek Systems trades on the NASDAQ under the ticker symbol MITK. Mitek Systems stock quotes can also be displayed as NASDAQ: MITK.

If you're new to stock investing, here's how to buy Mitek Systems stock.

What is the 52 week high and low for Mitek Systems (NASDAQ: MITK)?

(NASDAQ: MITK) Mitek Systems's 52-week high was $16.24, and its 52-week low was $8.78. It is currently -21.92% from its 52-week high and 44.5% from its 52-week low.

How much is Mitek Systems stock worth today?

(NASDAQ: MITK) Mitek Systems currently has 46,790,611 outstanding shares. With Mitek Systems stock trading at $12.68 per share, the total value of Mitek Systems stock (market capitalization) is $593.30M.

Mitek Systems stock was originally listed at a price of $1.19 in Dec 31, 1997. If you had invested in Mitek Systems stock at $1.19, your return over the last 26 years would have been 967.34%, for an annualized return of 9.53% (not including any dividends or dividend reinvestments).

How much is Mitek Systems's stock price per share?

(NASDAQ: MITK) Mitek Systems stock price per share is $12.68 today (as of Apr 22, 2024).

What is Mitek Systems's Market Cap?

(NASDAQ: MITK) Mitek Systems's market cap is $593.30M, as of Apr 23, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Mitek Systems's market cap is calculated by multiplying MITK's current stock price of $12.68 by MITK's total outstanding shares of 46,790,611.
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