Mitek Systems Inc’s recently made public that its Officer CARNECCHIA SCIPIO MAXIMUS acquired Company’s shares for reported $1.33 million on Jul 29 ’24. In the deal valued at $13.35 per share,100,000 shares were bought.
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Then, Briggs Christopher H sold 24,000 shares, generating $266,400 in total proceeds. Upon selling the shares at $11.10, the SVP Identity now owns 68,673 shares.
Before that, Wells Donna sold 16,839 shares. Mitek Systems Inc shares valued at $209,814 were divested by the Director at a price of $12.46 per share. As a result of the transaction, Wells Donna now holds 38,552 shares, worth roughly $0.32 million.
Jefferies downgraded its Mitek Systems Inc [MITK] rating to a Hold from a a Buy in a research note published on September 04, 2024; the price target was decreased to $9.50 from $17. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating.
Price Performance Review of MITK
On Monday, Mitek Systems Inc [NASDAQ:MITK] saw its stock fall -3.60% to $8.29. Over the last five days, the stock has lost -11.05%. Mitek Systems Inc shares have fallen nearly -36.43% since the year began. Nevertheless, the stocks have fallen -32.82% over the past one year. While a 52-week high of $16.24 was reached on 04/15/24, a 52-week low of $7.35 was recorded on 08/09/24. SMA at 50 days reached $10.64, while 200 days put it at $11.99.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 8.16, which if violated will result in even more drops to 8.04. On the upside, there is a resistance level at 8.53. A further resistance level may holdings at 8.77. The Relative Strength Index (RSI) on the 14-day chart is 29.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.24%. Stochastics %K at 12.75% indicates the stock is a buying.
How much short interest is there in Mitek Systems Inc?
A steep rise in short interest was recorded in Mitek Systems Inc stocks on 2024-08-15, dropping by -0.33 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.91 million shares. There was a decline of -7.24%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 12, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $27 price target.
