For its fourth fiscal quarter (ending September 30), Mitek Systems Inc (NASDAQ: MITK) has reported E.P.S. of $-0.03 compared to $0.01 a year ago. E.P.S. were $0.18 for the latest four quarters through September 30 versus $0.08 for the same period a year ago.
Recent Price Action
On 3/19/24, Mitek Systems Inc (NASDAQ: MITK) stock increased 1.5%, closing at $12.38. Moreover, this advance was accompanied by above average trading volume at 129% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MITK is expected to continue to be a major Value Builder.
Mitek Systems has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Mitek Systems has a neutral Appreciation Score of 47 but a good Power Rating of 76, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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