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Mitek Systems Inc
NASDAQ:MITK

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Mitek Systems Inc Logo
Mitek Systems Inc
NASDAQ:MITK
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Price: 10.32 USD -3.28% Market Closed
Updated: Feb 6, 2023

Intrinsic Value

The intrinsic value of one MITK stock under the Base Case scenario is 19.8 USD. Compared to the current market price of 10.32 USD, Mitek Systems Inc is Undervalued by 48%.

The Intrinsic Value is calculated as the average of the two valuation methods:

MITK Intrinsic Value
Base Case
19.8 USD
Undervaluation 48%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

MITK Profitability Score
Profitability Due Diligence

Mitek Systems Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Low 3-Year Average ROE
Positive Net Income
Positive 3-Year Average ROIC
Positive ROE
59/100
Profitability
Score

Mitek Systems Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

MITK Solvency Score
Solvency Due Diligence

Mitek Systems Inc's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

Average Altman Z-Score
Positive Net Debt
Low D/E
Long-Term Liabilities
67/100
Solvency
Score

Mitek Systems Inc's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
90%
Gross Margin
14%
Operating Margin
6%
Net Margin
16%
FCF Margin
5%
ROE
9%
ROIC
Other

MITK Capital Structure
Mitek Systems Inc

Market Capitalization 458M USD
Total Debt 127M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 21.5M USD
Short-Term Investments 49.5M USD
Enterprise Value 515M USD

Wall St
Price Targets

MITK Price Targets Summary
Mitek Systems Inc

Wall Street analysts forecast MITK stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MITK is 17.6 USD with a low forecast of 13.14 USD and a high forecast of 22.05 USD.

Lowest
Price Target
13.14 USD
27% Upside
Average
Price Target
17.6 USD
71% Upside
Highest
Price Target
22.05 USD
114% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

MITK Competitors
Mitek Systems Inc

Ownership

MITK Insider Trading
Buy and sell transactions by insiders

Mitek Systems Inc insiders have only sold shares in the past 12 months.

During the last 12 months Mitek Systems Inc insiders have not bought any shares, and sold 843k USD worth of shares. The last transaction was made on Feb 6, 2023 by Carnecchia Scipio Maximus (Chief Executive Officer), who sold 286k USD worth of MITK shares.

Sold
0-3
months
550k USD
4
3-6
months
0 USD
0
6-9
months
0 USD
1
9-12
months
293k USD
4
Bought
0-3
months
0
0 USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
550k USD
N/A
-549.8k
6 Months
550k USD
N/A
-549.8k
9 Months
550k USD
N/A
-549.8k
12 Months
843k USD
N/A
-843.1k
Purchases
3
Sales
204
No transactions found
Why is insider trading important?

Shareholder Return

MITK Price
Mitek Systems Inc

1M 1M
+2%
6M 6M
-8%
1Y 1Y
-35%
3Y 3Y
+12%
5Y 5Y
+40%
Annual Price Range
10.32
52w Low
8.45
52w High
16.32
Price Metrics
Average Annual Return 35.34%
Standard Deviation of Annual Returns 60.79%
Max Drawdown -63%
Shares Statistics
Market Capitalization 458M USD
Shares Outstanding 44 680 400
Percentage of Shares Shorted 6.76%

Company Profile

Mitek Systems Inc

Country

United States of America

Industry

Technology

Market Cap

458M USD

Dividend Yield

0%

Description

Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. The company is headquartered in San Diego, California and currently employs 435 full-time employees. The firm is engaged in the business of developing computer vision, artificial intelligence, and machine learning. The company operates through the development, sale, and service of software solutions related to the mobile imaging segment. The firm develops mobile image capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company’s digital technology solutions are provided in two parts, which include a software development kit for mobile image capture, and a cloud software platform, which uses artificial intelligence and machine learning to classify and extract data to enable mobile check deposit, as well as aid the authentication of identity documents, including passports, identity cards, and driver's licenses using a camera-equipped device.

Contact

CALIFORNIA
San Diego
600 B St Ste 100
+16192696800.0
https://www.miteksystems.com/

IPO

1989-01-03

Employees

435

Officers

CEO & Director
Mr. Scipio Maximus Carnecchia
CFO & Sr. VP
Mr. Frank Teruel
Chief Technology Officer
Mr. Stephen J. Ritter
GM & Sr. VP of Digital Banking
Mr. Michael E. Diamond
Investor Contacts
Mr. Todd Kehrli
Gen. Counsel
Mr. Scott Marcus
Show More
Corp. Communications Director
Angela M. Romei
Chief Marketing Officer
Ms. Cindy White
VP of Global People Operations
Ms. Judith Ohrn Hicks
Sr. VP & MD
Mr. Sanjay Gupta
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one MITK stock?

The intrinsic value of one MITK stock under the Base Case scenario is 19.8 USD.

Is MITK stock undervalued or overvalued?

Compared to the current market price of 10.32 USD, Mitek Systems Inc is Undervalued by 48%.