Mitek Systems Inc MITK
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.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if MITK is a good fit for your portfolio.
News
-
Mitek to Report Fiscal 2024 Third Quarter Financial Results on August 8, 2024
-
Mitek Wins 2024 Artificial Intelligence Breakthrough Award
-
Mitek Named to 2024 AIFinTech100 List
-
ID R&D Granted Patent for Voice-Based Device Unlocking
-
Viewpointe and Mitek announce partnership to strengthen check fraud detection
-
N-iX enhances partnership with Mitek Systems to offer strengthened fraud prevention services
-
Mitek Announces $50 Million Share Repurchase Program
-
Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
Trading Information
- Previous Close Price
- $12.76
- Day Range
- $13.09–13.72
- 52-Week Range
- $9.47–16.24
- Bid/Ask
- $13.01 / $13.63
- Market Cap
- $615.30 Mil
- Volume/Avg
- 641,506 / 543,662
Key Statistics
- Price/Earnings (Normalized)
- 17.27
- Price/Sales
- 3.74
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
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 is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek'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 Value
- Total Number of Employees
- 590
- Website
- https://www.miteksystems.com
Comparables
Valuation
|
Metric
|
MITK
|
BILL
|
CCCS
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.27 | 22.39 | 32.38 |
Price/Book Value | 2.85 | 1.38 | 3.82 |
Price/Sales | 3.74 | 4.51 | 7.66 |
Price/Cash Flow | 19.35 | 20.29 | 26.45 |
Price/Earnings
MITK
BILL
CCCS
Financial Strength
|
Metric
|
MITK
|
BILL
|
CCCS
|
|---|---|---|---|
Quick Ratio | 4.04 | 0.64 | 2.16 |
Current Ratio | 4.27 | 1.63 | 2.53 |
Interest Coverage | −0.20 | −8.49 | −0.60 |
Quick Ratio
MITK
BILL
CCCS
Profitability
|
Metric
|
MITK
|
BILL
|
CCCS
|
|---|---|---|---|
Return on Assets (Normalized) | 8.36% | 2.62% | 6.81% |
Return on Equity (Normalized) | 16.37% | 6.14% | 11.27% |
Return on Invested Capital (Normalized) | 11.56% | 2.78% | 9.27% |
Return on Assets
MITK
BILL
CCCS
Software - Application Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Salesforce Inc
CRM
| Bgbsswwl | Gzh | $254.6 Bil | |||
| SAP SE ADR
SAP
| Ydzb | Zypkhj | $247.8 Bil | |||
| Intuit Inc
INTU
| Pvsgkkpd | Zdxg | $177.1 Bil | |||
| ServiceNow Inc
NOW
| Drxrzzsr | Brxww | $170.4 Bil | |||
| Uber Technologies Inc
UBER
| Jhgktcdk | Vsxjyp | $134.6 Bil | |||
| Shopify Inc Registered Shs -A- Subord Vtg
SHOP
| Pslgzdyy | Vwbg | $77.2 Bil | |||
| Cadence Design Systems Inc
CDNS
| Gmsqgcrycr | Tjnty | $70.9 Bil | |||
| Workday Inc Class A
WDAY
| Hzrktpkyly | Mds | $60.7 Bil | |||
| Roper Technologies Inc
ROP
| Dpjlxwjbh | Ksc | $58.7 Bil | |||
| Autodesk Inc
ADSK
| Kfpvwckdz | Cygp | $51.9 Bil |