The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Mitek Systems Inc’s current trading price is -38.98% away from its 52-week high, while its distance from the 52-week low is 34.83%. The stock’s price range for this period has been between $7.35 and $16.24 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 0.92 million for the day, a number notably higher than the average daily volume of 0.65 million over the last three months.
Mitek Systems Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $16.24 on 04/15/24 and the lowest value was $7.35 on 08/09/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Mitek Systems Inc (MITK) has experienced a quarterly rise of 14.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 448.37M and boasts a workforce of 630 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.63, with a change in price of +1.36. Similarly, Mitek Systems Inc recorded 591,059 in trading volume during the last 100 days, posting a change of +15.91%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MITK stands at 0.75. Similarly, the long-term debt-to-equity ratio is also 0.75.
MITK Stock Stochastic Average
As of today, Mitek Systems Inc’s raw stochastic average for the last 50 days stands at 41.56%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 41.40%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 20.74% and 11.49%, respectively.
MITK Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -10.96%.However, over the last six months, we can see a weaker performance of 5.31%. Over the last 30 days, the price of MITK has leaped by -1.10%. And in the last five days, it has fallen by -1.00%.
