Stock Rating Downgrade
Recently the Value Trend Rating for Mitek Systems Inc (NASDAQ: MITK) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/20/24, Mitek Systems Inc (NASDAQ: MITK) stock enjoyed a large increase of 3.0%, closing at $11.43. Moreover, unusually high trading volume at 198% of normal accompanied the advance. The stock has risen 28.4% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Mitek Systems has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Mitek Systems has a neutral Appreciation Score of 52 but a poor Power Rating of 21, leading to the Negative Value Trend Rating.
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