Alert: Major Price Advance (12/17/24)-Mitek Systems Inc (NASDAQ: MITK).

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On 12/17/24, Mitek Systems Inc (NASDAQ: MITK) stock enjoyed a major increase of 15.2%, closing at $10.93. Moreover, trading volume in this advance was exceptionally high at 735% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 18.4% during the last week.

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Current PriceTarget Research Rating

Mitek Systems has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mitek Systems has a good Appreciation Score of 72 but a poor Power Rating of 20, triggering the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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