NASDAQ: MITK
Mitek Systems Inc Stock

$7.65-0.13 (-1.67%)
Updated Apr 17, 2025
MITK Price
$7.65
Fair Value Price
N/A
Market Cap
$346.11M
52 Week Low
$6.93
52 Week High
$14.32
P/E
85x
P/B
1.72x
P/S
2.92x
PEG
0.5x
Dividend Yield
N/A
Revenue
$172.42M
Earnings
$4.46M
Gross Margin
85.6%
Operating Margin
6.45%
Profit Margin
2.6%
Debt to Equity
0.97
Operating Cash Flow
$42M
Beta
1.18
Next Earnings
May 8, 2025
Ex-Dividend
N/A
Next Dividend
N/A

MITK Overview

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

Zen Rating

Our proven quant model uses 115 proprietary factors, including AI, to determine MITK's potential to beat the market

BBuy
  • Stocks with a Zen Rating of Buy (B) had an average return of +19.88% per year. Learn More

Zen Rating Component Grades

B
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.

Industry: App

Industry Rating
B
MITK
Ranked
#23 of 200

Top Ranked Stocks in Industry

Name / TickerPriceZen Rating
$2.78A
$1.58A
$11.88A
View Top App Stocks

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MITK News

Overview

Due Diligence Score

Industry Average (28)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how MITK scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

MITK ($7.65) is trading above its intrinsic value of $5.74, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
MITK is poor value based on its earnings relative to its share price (85x), compared to the US market average (27.98x)
P/E vs Market Valuation
MITK is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 30 more MITK due diligence checks available for Premium users.

Valuation

MITK fair value

Fair Value of MITK stock based on Discounted Cash Flow (DCF)

Price
$7.65
Fair Value
$18.16
Undervalued by
57.88%
MITK ($7.65) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

MITK price to earnings (PE)

For valuing profitable companies with steady earnings

Company
85x
Industry
111.58x
Market
27.98x
MITK is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
MITK is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

MITK price to book (PB)

For valuing companies that are loss-making or have lots of physical asset

Company
1.72x
Industry
6.37x
MITK is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MITK price to earnings growth (PEG)

For valuing profitable companies with growth potential

MITK is good value based... subscribe to Premium to read more.
PEG Value Valuation

MITK's financial health

Profit margin

Revenue
$37.3M
Net Income
-$4.6M
Profit Margin
-12.4%
MITK's Earnings (EBIT) of $11.11M... subscribe to Premium to read more.
Interest Coverage Financials
MITK's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$396.0M
Liabilities
$195.0M
Debt to equity
0.97
MITK's short-term assets ($176.84M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
MITK's short-term assets ($176.84M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
MITK's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
MITK's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$565.0k
Investing
$840.0k
Financing
-$3.1M
MITK's operating cash flow ($41.72M)... subscribe to Premium to read more.
Debt Coverage Financials

MITK vs App Stocks

TickerZen RatingMarket Cap1d %P/EP/B
MITKB$346.11M-1.67%85.00x1.72x
CRNCD$327.88M+3.41%-0.50x2.72x
APPSC$327.62M+9.09%-1.03x2.00x
TRAKB$368.91M+0.10%61.18x7.70x
WALDD$321.46M0.00%-6.72x0.49x

Mitek Systems Stock FAQ

What is Mitek Systems's quote symbol?

(NASDAQ: MITK) Mitek Systems trades on the NASDAQ under the ticker symbol MITK. Mitek Systems stock quotes can also be displayed as NASDAQ: MITK.

If you're new to stock investing, here's how to buy Mitek Systems stock.

What is the 52 week high and low for Mitek Systems (NASDAQ: MITK)?

(NASDAQ: MITK) Mitek Systems's 52-week high was $14.32, and its 52-week low was $6.93. It is currently -46.58% from its 52-week high and 10.39% from its 52-week low.

How much is Mitek Systems stock worth today?

(NASDAQ: MITK) Mitek Systems currently has 45,243,715 outstanding shares. With Mitek Systems stock trading at $7.65 per share, the total value of Mitek Systems stock (market capitalization) is $346.11M.

Mitek Systems stock was originally listed at a price of $1.19 in Dec 31, 1997. If you had invested in Mitek Systems stock at $1.19, your return over the last 27 years would have been 543.94%, for an annualized return of 7.14% (not including any dividends or dividend reinvestments).

How much is Mitek Systems's stock price per share?

(NASDAQ: MITK) Mitek Systems stock price per share is $7.65 today (as of Apr 17, 2025).

What is Mitek Systems's Market Cap?

(NASDAQ: MITK) Mitek Systems's market cap is $346.11M, as of Apr 21, 2025.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Mitek Systems's market cap is calculated by multiplying MITK's current stock price of $7.65 by MITK's total outstanding shares of 45,243,715.
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