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 $0.33 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 -0.12% to $8.62. Over the last five days, the stock has lost -1.03%. Mitek Systems Inc shares have fallen nearly -33.90% since the year began. Nevertheless, the stocks have fallen -18.98% 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 $8.73, while 200 days put it at $11.32.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 8.53, which if violated will result in even more drops to 8.43. On the upside, there is a resistance level at 8.76. A further resistance level may holdings at 8.89. The Relative Strength Index (RSI) on the 14-day chart is 44.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.65%. Stochastics %K at 23.23% indicates the stock is a holding.
How much short interest is there in Mitek Systems Inc?
A steep rise in short interest was recorded in Mitek Systems Inc stocks on 2024-10-15, dropping by -0.13 million shares to a total of 4.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.35 million shares. There was a decline of -3.0%, 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.
