Ratings Mitek Systems, Inc.

Equities

MITK

US6067102003

Real-time Estimate Cboe BZX Other stock markets 10:00:16 2024-04-26 am EDT			5-day change	1st Jan Change
12.64 ^USD	+1.85%		+3.24%	-3.57%

Apr. 16	Craig Hallum Raises Mitek Systems' Price Target to $19 From $17, Maintains Buy Rating	MT
Apr. 15	Transcript : Mitek Systems, Inc., Q1 2024 Earnings Call, Apr 15, 2024

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Over the past four months, analysts' average price target has been revised upwards significantly.
Historically, the company has been releasing figures that are above expectations.

Weaknesses

The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 98.49 times its estimated earnings per share for the ongoing year.
With an enterprise value anticipated at 3.21 times the sales for the current fiscal year, the company turns out to be overvalued.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Software

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
MITEK SYSTEMS, INC.	-3.57%	581M		C+
DIDI GLOBAL INC.	+28.10%	23.87B	-	C
BEIJING ULTRAPOWER SOFTWARE CO., LTD.	+8.59%	2.6B		D+
ZHEJIANG JINKE TOM CULTURE INDUSTRY CO., LTD.	-22.47%	1.86B	-	-
LIFE360, INC.	+80.82%	1.82B		C-
FINVOLUTION GROUP	+1.14%	1.36B		B-
SHANGHAI YAOJI TECHNOLOGY CO., LTD.	+5.04%	1.32B		-
ZX INC.	-50.86%	1.32B	-	-
KAKAO GAMES CORP.	-19.15%	1.24B		-
DENA CO., LTD.	+15.94%	1.12B		B-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes