Mitek Systems (NASDAQ:MITK) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1 by 4 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys.
Other Equity analysts have also commented on the company shares. Roth Capital initiates coverage on Mitek Systems (NASDAQ:MITK). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Roth Capital announces a current price target of $8 per share. The rating by the firm was issued on April 14, 2016.
Mitek Systems (NASDAQ:MITK): The mean estimate for the short term price target for Mitek Systems (NASDAQ:MITK) stands at $8.58 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $10 while the lower price target estimate is at $8.
Mitek Systems (NASDAQ:MITK) witnessed a decline in the market cap on Tuesday as its shares dropped 1.49% or 0.11 points. After the session commenced at $7.4, the stock reached the higher end at $7.47 while it hit a low of $7.06. With the volume soaring to 1,045,421 shares, the last trade was called at $7.25. The company has a 52-week high of $9.4899. The company has a market cap of $234 million and there are 32,214,857 shares in outstanding. The 52-week low of the share price is $2.71.
Mitek Systems, Inc. has lost 2.82% in the last five trading days and dropped 18.36% in the last 4 weeks. Mitek Systems, Inc. is up 18.46% in the last 3-month period. Year-to-Date the stock performance stands at 76.4%.
Mitek Systems Inc. (Mitek) is a provider of mobile solutions. The Company is engaged in the development, sale and service of software solutions related to mobile imaging. The Companys technology allows users to deposit checks, pay bills, transfer credit card balances, open accounts and get insurance quotes by taking pictures of various documents with their camera-equipped smartphones and tablets. IDchecker, Inc., a part of the Company, offers Strong ID product, which provides identity document authentication solutions, including passports, driver licenses and identity cards across the world, and Facelink facial recognition technology, which is a multi-factor identity verification, enables organizations to confirm the authenticity of an identity document and match it to the person presenting the document during a mobile transaction.