Stock Rating Upgrade
Of late the Value Trend Rating for Mitek Systems Inc (NASDAQ: MITK) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 2/21/25, Mitek Systems Inc (NASDAQ: MITK) stock rose modestly by 0.9%, closing at $9.31. However, this advance was accompanied by below average trading volume at 79% of normal. Relative to the market the stock has been weak over the last nine months and has declined -10.5% during the last week.
Current PriceTarget Research Rating
Mitek Systems has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Mitek Systems has a slightly positive Appreciation Score of 62 but a poor Power Rating of 29, resulting in the Low Neutral Value Trend Rating.
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