Mitek Systems Inc’s recent filing unveils that its GC, Secretary & Admin Officer Gray Jason unloaded Company’s shares for reported $56434.0 on Dec 11 ’24. In the deal valued at $9.07 per share,6,222 shares were sold. As a result of this transaction, Gray Jason now holds 164,342 shares worth roughly $1.88 million.
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Then, Briggs Christopher H sold 3,320 shares, generating $30,133 in total proceeds. Upon selling the shares at $9.08, the SVP Identity now owns 65,353 shares.
Before that, Diamond Michael E sold 4,544 shares. Mitek Systems Inc shares valued at $41,305 were divested by the General Manager at a price of $9.09 per share. As a result of the transaction, Diamond Michael E now holds 166,632 shares, worth roughly $1.91 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 Tuesday, Mitek Systems Inc [NASDAQ:MITK] saw its stock jump 1.69% to $11.45. Over the last five days, the stock has gained 6.13%. Mitek Systems Inc shares have fallen nearly -11.04% since the year began. Nevertheless, the stocks have fallen -10.01% 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 $9.31, while 200 days put it at $10.85.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 11.30, which if violated will result in even more drops to 11.15. On the upside, there is a resistance level at 11.53. A further resistance level may holdings at 11.61. The Relative Strength Index (RSI) on the 14-day chart is 74.26, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.31%. Stochastics %K at 89.69% 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 2024-11-29, dropping by -0.5 million shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.28 million shares. There was a decline of -13.26%, 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.
