The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Mitek Systems Inc's Score
Industry at a Glance
Industry Ranking
30 / 485
Overall Ranking
88 / 4614
Industry
Software & IT Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
5
analysts
Buy
Current Rating
13.000
Target Price
+42.39%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Mitek Systems Inc Highlights
StrengthsRisks
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. The Company is a software development company with expertise in artificial intelligence and machine learning. It is a global provider of solutions in the fraud prevention, digital identity verification, and cybersecurity markets. Its verification and fraud detection technology is embedded directly within mobile and Web applications, providing verification at every touchpoint in the customer lifecycle. The Company's products include Mobile Deposit, Check Fraud Defender, Mitek Verified Identity Platform (MiVIP), Mobile Verify, MiSnap, CheckReader, Check Intelligence, MiPass, IDLive Face, and IDLive Doc. Its products are used in various cases, including age verification, compliance (KYC), customer onboarding, passwordless authentication, and in-person identity verification. It serves various industries, including financial institutions, fintech, igaming, lending, marketplace, and travel.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 18.84% year-on-year.
Undervalued
The company’s latest PE is 27.20, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 35.17M shares, decreasing 21.12% quarter-over-quarter.
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. The Company is a software development company with expertise in artificial intelligence and machine learning. It is a global provider of solutions in the fraud prevention, digital identity verification, and cybersecurity markets. Its verification and fraud detection technology is embedded directly within mobile and Web applications, providing verification at every touchpoint in the customer lifecycle. The Company's products include Mobile Deposit, Check Fraud Defender, Mitek Verified Identity Platform (MiVIP), Mobile Verify, MiSnap, CheckReader, Check Intelligence, MiPass, IDLive Face, and IDLive Doc. Its products are used in various cases, including age verification, compliance (KYC), customer onboarding, passwordless authentication, and in-person identity verification. It serves various industries, including financial institutions, fintech, igaming, lending, marketplace, and travel.