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Analysis
Mitek Systems, Inc. (MITK)
Mitek Systems, Inc. (MITK)
Ranking:
Buy
Implies positive momentum
Stock Name: Mitek Systems, Inc.
Symbol: MITK
Market Cap: $507M
Industry: Software - Application
Sector: Technology
Website: https://www.miteksystems.com
About 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. 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 Please visit their website for more information.

Overview:
Last Close: $11.29
52 Week: $8.05-$14.83
MVA50: 9.76
MVA200: 10.26
Quarterly Revenue: $43M
RSI: 70.75
Buy/Sell*: 72.01
1-Month change: 21.26%
3-Month change: 16.21%
EPS: 0.19
*Proprietary Buy Sell Volume Indicator
Price Chart For MITK
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering various financial parameters of the stock from its income statement, balance sheet, and cash flow, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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