Mitek Systems Inc’s recent filing unveils 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 $0.35 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 jump 0.78% to $8.99. Over the last five days, the stock has gained 7.15%. Mitek Systems Inc shares have fallen nearly -31.06% since the year began. Nevertheless, the stocks have fallen -14.87% 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 $8.92, while 200 days put it at $11.58.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 8.89, which if violated will result in even more drops to 8.79. On the upside, there is a resistance level at 9.11. A further resistance level may holdings at 9.24. The Relative Strength Index (RSI) on the 14-day chart is 55.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.86%. Stochastics %K at 81.34% indicates the stock is a selling.
How much short interest is there in Mitek Systems Inc?
A steep rise in short interest was recorded in Mitek Systems Inc stocks on 2024-09-30, dropping by -0.25 million shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.53 million shares. There was a decline of -5.92%, 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.
