Mitek Systems trades as part of the application software industry and is part of the technology sector. The company CEO is Scipio Carnecchia. Mitek Systems Inc offers mobile capture and identity verification software solutions for enterprises. The company through its mobile and imaging technology provides products such as Mobile Verify, Mobile Docs, Mobile Deposit, and Multi Check Capture.



Previous Intraday Performance:

The MITK shares had a previous change of 0.91% which opened at 9.95 and closed at 9.99. It moved to an intraday high of 10.04 and a low of 9.90.

SeekingAlpha:  Mitek Systems, Inc. 2019 Q2 – Results – Earnings Call Slides

Historical Performance:

Over the last five trading days, MITK shares returned 0.00% and in the past 30 trading days it returned -15.20%. Over three months, it changed -7.67%. In one year it has changed 14.17% and within that year its

52 week high was 13.07 and its 52 week low was 6.32. MITK stock is 58.07% above its 52 week low.

Our calculations result in a 200 day moving average of 9.94 and a 50 day moving average of 11.22. Right now, MITK stock is trading 0.55% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Mitek Systems’ (MITK) CEO Max Carnecchia on Q2 2019 Results – Earnings Call Transcript

Liquidity:

The company has a market cap of $398.1m with 39.8m shares outstanding and a float of 34.6m shares. Trading volume was 628,889 shares and has experienced an average volume of 503,333 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Mitek Systems was -0.33 which ended on 30th of September 2018. Based on 2 analyst estimates, the consensus EPS for the next quarter is -0.03. The trailing twelve month EPS reported is 0.09 (trailing twelve month diluted EPS is -0.24).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-01-2019: -0.02
4thQtr 2018Reported 01-29-2019: -0.08
3rdQtr 2018Reported 11-01-2018: -0.06
2ndQtr 2018Reported 07-26-2018: -0.08
1stQtr 2018Reported 05-01-2018: -0.03

Base on our calculations, the intrinsic value per share is 1.12, which means it might be overvalued by -792.61%.



The growth of the EPS is critical in understanding the current valuation of Mitek Systems; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 37.00% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 73.10% of institutional ownership.

The beta was calculated to be -0.19.

SeekingAlpha:  Mitek Systems’ (MITK) CEO Max Carnecchia on Q2 2019 Results – Earnings Call Transcript

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is -8.02%, profit margin is -11.79%, price-to-sales is 5.27 and price-to-book is 4.02.

Company Score Card:

Results are out of six:
 5  : Growth Expectations Result
 5  : Financial Safety Result
 0  : Past Performance Result
 1  : Valuation Result
 0  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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