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NASDAQ: MITK
Mitek Systems Inc Stock

$9.90+0.01 (+0.1%)
Updated Jan 27, 2023
MITK Price
$9.90
Fair Value Price
$10.37
Market Cap
$442.34M
52 Week Low
$8.32
52 Week High
$16.72
P/E
66x
P/B
2.49x
P/S
2.95x
PEG
0.22x
Dividend Yield
N/A
Revenue
$139.79M
Earnings
$6.76M
Gross Margin
89.7%
Operating Margin
10.44%
Profit Margin
4.8%
Debt to Equity
1.11
Operating Cash Flow
$28M
Beta
0.84
Next Earnings
Jan 30, 2023
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 (27)
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Due Diligence Checks

MITK ($9.90) is undervalued by 4.5% relative to our estimate of its Fair Value price of $10.37 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MITK ($9.90) is not significantly undervalued (4.5%) relative to our estimate of its Fair Value price of $10.37 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
MITK ($9.90) is trading below... 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
$9.90
Fair Value
$10.37
Undervalued by
4.50%
MITK ($9.90) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MITK ($9.90) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MITK ($9.90) is trading below... 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
66x
Industry
31.02x
Market
23.59x
MITK is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
MITK is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

MITK price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
2.49x
Industry
5.12x
MITK is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MITK price to earnings growth (PEG)

For valuing profitable companies with growth potential
MITK is good value based... subscribe to Premium to read more.
PEG Value Valuation

MITK's financial health

Profit margin

Revenue
$39.3M
Net Income
$811.0k
Profit Margin
2.1%
MITK's Earnings (EBIT) of $14.60M... 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
$374.6M
Liabilities
$197.3M
Debt to equity
1.11
MITK's short-term assets ($112.09M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
MITK's long-term liabilities ($153.49M) 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
$6.3M
Investing
-$413.0k
Financing
-$7.8M
MITK's operating cash flow ($28.34M)... subscribe to Premium to read more.
Debt Coverage Financials

MITK vs App Stocks

TickerMarket Cap1d %P/EP/B
MITK$442.34M+0.10%66.00x2.49x
SSTI$439.66M-1.50%109.24x7.42x
ONTF$445.88M+0.76%-7.93x1.41x
NRDY$446.74M+2.23%-27.50x9.27x
RMNI$433.44M-1.01%5.85x-5.75x

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 $16.72, and its 52-week low was $8.32. It is currently -40.79% from its 52-week high and 18.98% from its 52-week low.

How much is Mitek Systems stock worth today?

(NASDAQ: MITK) Mitek Systems currently has 44,680,429 outstanding shares. With Mitek Systems stock trading at $9.90 per share, the total value of Mitek Systems stock (market capitalization) is $442.34M.

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 25 years would have been 733.33%, for an annualized return of 8.85% (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 $9.90 today (as of Jan 27, 2023).

What is Mitek Systems's Market Cap?

(NASDAQ: MITK) Mitek Systems's market cap is $442.34M, as of Jan 30, 2023.

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 $9.90 by MITK's total outstanding shares of 44,680,429.
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