Stock Rating Downgrade
In recent days 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 1/10/25, Mitek Systems Inc (NASDAQ: MITK) stock declined by -4.4%, closing at $10.31. However, trading volume in this decline was unusually low at 57% of normal. Relative to the market the stock has been weak over the last nine months and has declined -7.4% during the last week.
Current PriceTarget Research Rating
Mitek Systems has a current Value Trend Rating of D (Negative). 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 56 but a poor Power Rating of 25, and the Negative Value Trend Rating results.
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