Mitek Systems Stock Technical Analysis
| MITK Stock | USD 9.30 0.02 0.21% |
As of the 28th of November, Mitek Systems secures the Risk Adjusted Performance of 0.0134, downside deviation of 2.17, and Mean Deviation of 1.67. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mitek Systems, as well as the relationship between them.
Mitek Systems Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mitek, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MitekMitek |
Mitek Systems Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 17.75 | Strong Buy | 6 | Odds |
Most Mitek analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mitek stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mitek Systems, talking to its executives and customers, or listening to Mitek conference calls.
Mitek Systems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Mitek Systems Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mitek Systems volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mitek Systems Trend Analysis
Use this graph to draw trend lines for Mitek Systems. You can use it to identify possible trend reversals for Mitek Systems as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mitek Systems price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mitek Systems Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mitek Systems applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Mitek Systems will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.35, which is the sum of squared deviations for the predicted Mitek Systems price change compared to its average price change.About Mitek Systems Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mitek Systems on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mitek Systems based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mitek Systems price pattern first instead of the macroeconomic environment surrounding Mitek Systems. By analyzing Mitek Systems's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mitek Systems's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mitek Systems specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 108.93 | 106.8 | 122.81 | 100.43 | PTB Ratio | 2.4 | 2.38 | 2.14 | 2.03 |
Mitek Systems November 28, 2024 Technical Indicators
Most technical analysis of Mitek help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mitek from various momentum indicators to cycle indicators. When you analyze Mitek charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0134 | |||
| Market Risk Adjusted Performance | 0.016 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 2.11 | |||
| Downside Deviation | 2.17 | |||
| Coefficient Of Variation | 11195.97 | |||
| Standard Deviation | 2.26 | |||
| Variance | 5.09 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.006 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.34 | |||
| Downside Variance | 4.72 | |||
| Semi Variance | 4.43 | |||
| Expected Short fall | (1.86) | |||
| Skewness | 0.1819 | |||
| Kurtosis | 1.94 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Earnings Share (0.14) | Revenue Per Share 3.59 | Quarterly Revenue Growth 0.044 | Return On Assets (0.01) |
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.