Mitek Systems Inc MITK

Morningstar Rating
$19.43 +0.52 (2.75%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

MITK is trading at a LOCK|<?NVfC premium.
Price
$19.44
Fair Value
LOCK|.^&MKvR
Uncertainty
LOCK|YmW
1-Star Price
LOCK|.Bs>l>f
5-Star Price
LOCK|.$cVy>JP
Economic Moat
LOCK|@z#
Capital Allocation

News

Trading Information

Previous Close Price
$18.91
Day Range
$18.9719.48
52-Week Range
$8.5321.05
Bid/Ask
$19.43 / $19.80
Shares Outstanding
45.12M
Market Cap
$876.73M
Volume/Avg
603,626 / 987,244

Key Statistics

Price/Earnings (Normalized)
22.31
Price/Sales
4.74
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
2.43%

Company Profile

Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online, enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
Sector
Technology
Industry
Software - Application
Stock Style Box
Small Core
Total Number of Employees
595

Valuation

Metric
MITK
Price/Earnings (Normalized)
22.31
Price/Book Value
3.50
Price/Sales
4.74
Price/Cash Flow
15.76
Price/Earnings
MITK

Financial Strength

Metric
MITK
Quick Ratio
2.63
Current Ratio
2.74
Interest Coverage
5.38
Quick Ratio
MITK

Profitability

Metric
MITK
Return on Assets (Normalized)
8.37%
Return on Equity (Normalized)
14.48%
Return on Invested Capital (Normalized)
11.27%
Return on Assets
MITK

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